Brief: Arctic Minerals Acquires Gold Project Katterat In Norway, Carries Out Directed Share Issue

Arctic Minerals AB (publ)

29/09/2022 09:24

Sept 29 (Reuters) - Arctic Minerals AB (publ)  ARCT.ST :
    * ARCTIC MINERALS ACQUIRES THE GOLD PROJECT KATTERAT IN
NORWAY AND
CARRIES OUT A DIRECTED ISSUE OF SHARES IN CONNECTION WITH THE
ACQUISITION
    * CLOSING TAKES PLACE AS OF TODAY
    * CONSIDERATION FOR 100 PERCENT OF SHARES IN ARCTIC
EXPLORATION AS
AMOUNTS TO MNOK 1.95 AND IS PARTLY PAID IN FORM OF A CASH
PAYMENT OF MNOK 0.05, PARTLY IN FORM OF A SELLER PROMISSORY NOTE
OF MNOK 1.90 WHICH IS OFFSET AGAINST 3,302,520 NEWLY ISSUED
SHARES IN ARCTIC MINERALS
    * SUBSCRIPTION PRICE HAS BEEN DETERMINED TO SEK 0.60 PER
SHARE IN
ACCORDANCE WITH SHARE PURCHASE AGREEMENT, WHICH CORRESPONDS TO
QUOTA VALUE OF SHARES IN ARCTIC MINERALS
    * NEW ISSUE OF 3,302,520 SHARES IS DIRECTED TO SELLER
BRANTEN
UTVIKLING AS
    * PAYMENT FOR SHARES IS MADE THROUGH SET-OFF OF SELLER'S
CLAIM OF
MNOK 1.90.

Source text for Eikon:  ID:nBQN4ZWmTn 
Further company coverage:  ARCT.ST 
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