Delta Minerals AB applies for listing on Aktietorget

Stockholm, 29 January 2014- Delta Minerals AB is an unlisted Swedish limited public company which owns the rights to carry out environmental projects in the Republic of the Philippines with the support of regional/local authorities. In the Viganarea at Abrariver outflow periodically flooding occurs, especially during the monsoon season, which seriously affects the population in the area with death and major property damage due to the eroded sand that accumulates. The river contains varying amounts of minerals, including magnetite, which is used for iron production.

The company is now planning to carry out a study in order to ensure the levels of magnetite and how best to capture this mineral. There is a big demand for magnetite, especially in China. An important byproduct is sand and gravel, which have already been examined and will be sold as construction material and reclamationmaterial. Filling and building materials market will primarily be sold to Hong Kong and Taiwan. Singapore is also an interesting market for building material.

Delta Minerals seeks listing on Aktietorget
The Board of Delta Minerals AB has decided to apply for listing on Aktietorget. The application is part of preparations for a major issue with a view to financing the production start in Vigan (Northwestern Republic of the Philippines). The company expects to list itself in connection with the completion of this study, which is now to be carried out.

In order to carry out the necessary studies, to start commercial mining, Delta Minerals offers existing shareholders, in a fully underwritten rights issue to acquire newly issued shares amounting to a total of 3.3 MSEK, with a pre-money value of 5.0 MSEK. An over-allotment option is adopted on 2 MSEK. The Board of Directors of Delta Minerals would like to see new shareholders to have the opportunity to participate in the project and the over-allotment will, as far as possible, provide space for these. The share issue is open from 22 January to 5 February and is fully guaranteed. Subskription price is 0.22 SEK.

For more information contact;

Chairman Håkan Gustafsson,, +46 70-268 00 35
CEO Thomas Lundgren,, +46 703-97 25 24,

Information about the issue is obtained via Eminova brokerage, Alternatively, the company website

News Archive


Recent News