Endomines AB, Stock Exchange Release 28 September 2020 at 12:00 CEST
A loan facility amounting to EUR 2m have been placed with Finnish institutional investors. The proceeds from the Loan will mainly be used to finance and facilitate ongoing transactions and financing projects in the company, to strengthen working capital needs and for general corporate purposes.
The Loan has a six-month tenor and a fixed monthly interest rate of 1.0 percent with an upfront fee of 6.0 percent. The Loan is callable anytime at 100 percent of the nominal amount at the Company's sole discretion.