Eurobattery raises SEK 22.6 million in rights issue

24 tammikuuta 2024

Eurobattery Minerals, a growth company in the mining and exploration industry with the vision to help Europe become self-sufficient in ethical battery minerals, has carried out a rights issue of units to, among other things, facilitate further development of the Finnish Hautalampi project and repay interest-bearing debt (part of which will be offset against a new convertible issue of SEK 5.0 million).

In total, 28,288,738 units were subscribed for in the rights issue, corresponding to approximately SEK 22.6 million. Each unit consisted of two new shares in the company, one warrant TO4 with strike in May 2024, and one warrant TO5 with strike in October 2024.

Augment acted as financial advisor to Eurobattery Minerals in connection with the transaction.

Read full press release (in English)

Read full press release (in Swedish)