PA Resources' President Acquires Convertible Bonds

In connection with the President of PA Resources AB Ulrik Jansson's acquisition of convertible bonds in the company, as part of the newly effected issue of convertible bonds, Ulrik Jansson has transferred 8,122,512 shares in PA Resources AB between two by him wholly owned companies.

Ulrik Jansson's holding of shares in PA Resources is therefore entirely unchanged and in addition he is now also the owner of convertible bonds in PA Resources AB to an amount of SEK 25,000,000 (or around US $3 million) through his wholly owned company Varukungen AB.