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Endomines AB receives a decision of 6 M? guarantee for the Pampalo
project loan financing

ID: 1003526
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(Thomson Reuters ONE) - The press release can be downloaded from the following link:Press Release PDFEndomines AB is pleased to announce that its wholly owned subsidiaryEndomines Oy has received a guarantee letter of 6M? from FinnveraPLC, a specialised financing company owned by the State of Finland.Finnvera provides its clients with loans, guarantees, venture capitalinvestments and export credit guarantees.This guarantee will be used for the Pampalo project loan financingwhich is currently being negotiated with Finnish and foreign banks."We are very satisfied to have this guarantee from Finnvera . Theguarantee of 6M? is an important step for securing Pampalo-projectcomplete financing package" comments Markus Ekberg, CEO of EndominesAB.For further information, please contactMarkus Ekberg, CEO, +358 40 706 4850Endomines AB (publ) explores and develops mineral deposits inFinland. The Company owns mining concessions and claims over all theknown gold deposits along the Karelian Gold Line, including thePampalo mine where the Company aims to start mining in 2010. Inaddition, Endomines has claims for gold deposits in Finnish Lapland.Besides gold, and through its subsidiary Kalvinit Oy, the Companyplans to develop its deposits of the industrial mineral ilmenite inCentral Ostrobothnia.Endomines applies SveMin's and FAERI's common reporting rules forpublic mining and exploration companies. Endomines report its mineralresources according to the internationally accepted JORC or NI-43-101code. Endomines applies International Financial Reporting Standards(IFRS) for its accounting principles. The use of IFRS allows forcomparison of the Company with foreign exploration and miningcompanies.The shares of Endomines AB are quoted on First North Premier segmentin Stockholm under ticker ENDO. Erik Penser Bankaktiebolag acts asCertified Adviser and Liquidity Guarantor.Read more about Endomines's press releases on announcement was originally distributed by Hugin. The issuer is solely responsible for the content of this announcement.

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Date: 08/24/2009 - 10:09
Language: English
News-ID 1003526
Character count: 0
Firma: Endomines AB
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Stadt: London


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