Endomines AB, Stock Exchange Release 8 October 2020 at 14:45 CEST

Endomines AB (publ) (the "Company" or "Endomines") has now completed the previously announced acquisitions of the US Grant Mine and Mill and the Lease Assignment of the Kearsarge Gold Project (collectively the "Assets").

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.

Endominesin H1-raportti oli pettymys, sillä tuotantotaso Fridayssä jäi alhaiseksi ja samalla yhtiö on ajautunut syvälle nurkkaan rahoituksensa kanssa. Osake on hinnoiteltu noin osien summansa tasolle, eikä arvostus siten houkuttele sietämään erittäin korkeita lyhyen ajan rahoitus- ja tuotantoriskejä. Heinäkuussa julkaistu laaja raportti Endominesista on edelleen ajankohtainen ja luettavissa täältä.