EQS-News: SunMirror AG: SunMirror AG Successfully Places 70 Million Euro In Fundraise From Authorized Capita

EQS Group-News: SunMirror AG / Key word(s): Capital Increase
SunMirror AG: SunMirror AG Successfully Places 70 Million Euro In
Fundraise From Authorized Capita

30.11.2021 / 12:23
The issuer is solely responsible for the content of this announcement.

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SunMirror AG Successfully Places 70 Million Euro In Fundraise From
Authorized Capital

Zug, Switzerland; 30 November 2021 – The Board of Directors
(Verwaltungsrat) of SunMirror AG („SunMirror“; Vienna Stock Exchange:
ROR1; Frankfurt Stock Exchange: ROR; Düsseldorf Stock Exchange: ROR; ISIN
CH0396131929) today received the subscription for 1,000,000 new bearer
shares to be issued from authorized capital (genehmigtes Kapital). The new
shares are to be issued at an issue price of EUR 70 per new share, thus
resulting in gross proceeds to SunMirror of EUR 70,000,000. Sole
subscriber to this capital increase is Mirador FZE („Mirador“), a
single-family office registered in Fujairah, United Arab Emirates.

The capital increase has been resolved to take place under exclusion of
the statutory subscription rights of the existing shareholders for
important reasons (financing of the company and of an intended strategic
acquisition). The Board of Directors of SunMirror has only admitted
certain large shareholders of SunMirror investors who were willing to
contribute significant parts of the, or the entire investment amount
sought to subscribe for the new shares. The issue of the new shares will
take place following registration of the capital increase in the Swiss
Commercial Register (Handelsregister) of the Canton of Zug, Switzerland.

Mirador has agreed with SunMirror that it is willing to offer in Q1 2022
to all shareholders who have purchased shares on the open market and are
holding these shares on the day before Mirador’s subscription in SunMirror
and representing less than 4% of the total share capital in SunMirror,
shares at the same terms in order to put such shareholders commercially
essentially in a position as if they had been granted a pro rata
subscription right. Details of this opportunity to be offered by Mirador
FZE will be published once confirmed. SunMirror’s share capital will
therefore rise from previously CHF 2,000,000 to CHF 3,000,000, divided
into the same number of no-par shares. The new shares are entitled to a
share of the profits from 01 July 2021. They are subject to a lock-up
agreement of more than 12 months.

The present capital increase is the already announced capital increase
from 07 January 2021. The funds from the capital increase totalling EUR
70,000,000 are to be used in part to pay the consideration which will fall
due on a successful bid to acquire the entire issued share capital of
Latitude 66 Cobalt Limited announced on 26 August 2021. The documentation
for the bid is currently being finalised and it is expected to be formally
launched within the extended period for announcement of the bid provided
for in the sale and purchase agreement between SunMirror AG, SunMirror
Luxembourg S.A and Latitude 66 Cobalt Limited.

Arranger of this transaction was Opus Capital Switzerland AG, who acted as
lead investment advisor in the successful capital increase.

About SunMirror AG

The SunMirror Group invests into pre-production mineral exploration assets
with a focus on battery metals, iron ore and gold deposits in developed
markets for the purpose of evaluation and exploration with the aim to
either produce minerals at a later stage or sell those properties. The
company’s shares (ISIN CH0396131929) are listed on the Vienna Stock
Exchange (ticker: ROR1) and the Düsseldorf and Frankfurt Stock Exchange.
For further information, please visit: www.sunmirror.com.

About Opus Capital Group

The transaction was introduced by Opus Capital Group. Working in unison,
the firm’s banking unit (Opus Capital Switzerland AG) and investment unit
(Opus Capital Asset Management GmbH) specialize in bringing
next-generation, technology-driven resources companies to market by
combining their industry expertise together with one of Switzerland’s
leading independent financial syndicators. For more information, please
visit: [1]www.opus-capital.ch

Press contact
edicto GmbH
Doron Kaufmann/Ralf Droz
Phone: +49 69 905505-53
[2]sunmirror@edicto.de
Eschersheimer Landstraße 42 – 44
60322 Frankfurt/Main
Germany

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30.11.2021 This Corporate News was distributed by EQS Group AG.
www.eqs.com

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Language: English
Company: SunMirror AG
Steinhauserstrasse 74
6300 Zug
Switzerland
E-mail: info@sunmirror.ch
Internet: https://www.sunmirror.ch
ISIN: CH0396131929
WKN: A2JCKK
Listed: Regulated Unofficial Market in Berlin, Dusseldorf; Vienna
Stock Exchange (Official Market)
EQS News ID: 1252927

 
End of News EQS Group News Service

1252927  30.11.2021 

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References

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2. sunmirror@edicto.de

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