KOPY GOLDFIELDS AB IS APPROVED FOR CONTINUED LISTING ON NASDAQ FIRST NORTH GROWTH MARKET AND PUBLISHES ITS COMPANY DESCRIPTIONInside information: Kopy Goldfields AB (publ) ("Kopy Goldfields" or the "Company") today announces that Nasdaq First North Growth Market ("Nasdaq") has approved the Company for continued listing on Nasdaq and the Company Description which Kopy Goldfields' has prepared as a consequence thereof. The listing approval meets one of the conditions for the completion of the conditional reverse takeover, where the Company acquires 100 percent of Amur Gold Company Limited ("Amur Zoloto"), which was announced by the Company on May 29, 2020 (the "Transaction"). Through the Transaction, Kopy Goldfields will add significant gold operations and create a leading Russia-focused Mid-Cap Gold Exploration and Production Group. "Since our establishment, Kopy's vision has been to become a renowned exploration company with a core focus on Russia. While pursuing our exploration strategy, the ultimate objective has always been to identify and capitalize on the opportunity to grow into a gold producer. We believe that the reverse takeover of Amur Zoloto immediately creates value for our shareholders through access to producing assets. The new Kopy will be positioned to deliver a strong production portfolio profile as well as attractive growth and exploration opportunities to our shareholders", says Mikhail Damrin, CEO of Kopy Goldfields.
Following the announcement of the Transaction on May 29, 2020, Nasdaq initiated a new listing process of the Company on Nasdaq. Nasdaq has today approved the Company for continued listing and Kopy Goldfields' Company Description in accordance with Nasdaq's rules and regulations.
The Transaction remains subject to shareholder approval at the annual general meeting of Kopy Goldfields on 30 June 2020, certain regulatory approvals such as merger control clearance, and completion of confirmatory due diligence. The Transaction is expected to be completed in or around August 2020.
The Company Description is available on Kopy Goldfields' website www.kopygoldfields.com.
For further information about the Transaction, reference is made to the announcement on May 29, 2020, the Company Description and the notice and complete proposals for the annual general meeting available at the Company's website.
Responsible party
Kopy Goldfields is obliged to make public this information in accordance with the (EU) Market Abuse Regulation 596/2014. The information in this press release has been made public through the agency of the responsible persons set out below for publication at the time stated by Kopy Goldfields news distributor beQuoted at the publication of this press release. For more information, please contact:
Mikhail Damrin, CEO, +7 916 808 12 17, [email protected]
Tim Carlsson, CFO, + 46 702 31 87 01, [email protected]
The following documents can be retrieved from beQuoted
Kopy Goldfields Pressrelease 2020-06-23 eng.pdf About Kopy Goldfields AB
Kopy Goldfields AB (publ), listed on NASDAQ First North Growth Market in Stockholm, is a Swedish gold exploration company operating in the Irkutsk and Amur regions of Russia, which are two of the most gold rich areas in the world. The Company currently holds 12 licenses, grouped into four projects, which entitle the holder to explore for and produce gold. Kopy Goldfield's strategy is to create value by identifying and acquiring high potential gold projects, and then prospecting and exploring them until they reach the stage of being ready to be sold for cash or further developed in cooperation with a partner.
Kopy Goldfields AB applies International Financial Reporting Standards (IFRS), as approved by the European Union. Hagberg & Aneborn Fondkommission acts as Certified Adviser, contact number: +46 8 408 933 50,
e-mail: [email protected].
The Share
Ticker: KOPY
http://www.nasdaqomxnordic.com/shares/microsite?Instrument=SSE77457
Outstanding shares: 103,825,869
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