Mahvie Minerals raises SEK 10.5 million in rights issue

10 mars 2023

Mahvie Minerals, a Nordic exploration and mine development company focusing on base, precious, and speciality metals to facilitate sustainable development in Europe, has carried out a rights issue of units to accelerate the development of the flagship projects in Norway and Finland.

In total, 5,273,217 units were subscribed for in the rights issue, corresponding to approximately SEK 10.5 million. Each unit consisted of two new shares in the company and one warrant with strike in September 2023.

The proceeds from the rights issue will primarily be used for facilitating the development of the Norwegian Mo i Rana project through the initiation of a drilling campaign, but also for analysis work in the Finnish Haveri project as well as working capital.

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

Read full press release (in Swedish)