The subscription price for exercise of warrants series TO4 has been determined to SEK 0.40 and the exercise period begins on Tuesday 7 May 2024

EQS-Media / 06.05.2024 / 07:35 CET/CEST NOT FOR RELEASE, PUBLICATION OR DISTRIBUTION, DIRECTLY OR INDIRECTLY, IN OR INTO THE UNITED STATES, AUSTRALIA, CANADA, NEW ZEALAND, HONG KONG, JAPAN, SWITZERLAND, SINGAPORE, SOUTH AFRICA, OR ANY OTHER JURISDICTION IN WHICH THE RELEASE, PUBLICATION OR DISTRIBUTION OF THIS PRESS RELEASE WOULD BE UNLAWFUL, BE SUBJECT TO LEGAL RESTRICTIONS OR WOULD REQUIRE REGISTRATION OR OTHER MEASURES.

Stockholm, 6 May 2024 – The mining company Eurobattery Minerals AB (Nordic Growth Market: “BAT” and Börse Stuttgart: “EBM”; in short: “EBM”, “Eurobattery” or the “Company”) carried out a rights issue of units, with subscription period from 8 January to 22 January 2024, consisting of shares and warrants of series TO4 and TO5 (the “Rights issue”). Those who subscribed in the Rights issue during the subscription period thereby received for each (1) unit two (2) new shares in the Company and one (1) warrant of series TO4 (the “Warrant of series TO4”) as well as one (1) warrant of series TO5. Each (1) Warrant of series TO4 entails the right to subscribe for one (1) new share in Eurobattery during the subscription period which commences on 7 May and extends until 21 May 2024. The subscription price for subscription of new shares by exercise of Warrants of series TO4 has today been determined to SEK 0.40 per share. The issue proceeds are intended to be used to finalise the acquisition of FinnCobalt Oy as well as for continued work in the Finnish Hautalampi battery minerals mine project.

Terms for the Warrants in brief

• Holders of Warrants of series TO4 have the right to subscribe for one (1) new share in the Company for each (1) held Warrant of series TO4 at a subscription price of SEK 0.40 per share.
• The number of outstanding Warrants of series TO4 is 33,268,890, which upon full subscription would imply an increase of 33,268,890 shares in the Company, from 103,131,838 shares to 136,400,728 shares, and an increase in the share capital of SEK 13,307,556.00, from SEK 41,252,735.20 to SEK 54,560,291.20.
• Upon full exercise of the Warrants, the Company will receive a maximum of approximately SEK 13.3 million before issue costs.
• The subscription period for the Warrants of series TO4 runs from 7 May to 21 May 2024.
• The last day of trading in Warrants of series TO4 is on 17 May 2024.
• The outcome is expected to be published on 23 May 2024.
• For existing investors who do not participate in the issue of shares by exercising Warrants, the dilution will be approximately 24.4 per cent upon full exercise of the outstanding Warrants of series TO4.

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