Botnia Exploration AB (OM:BOTX) announced that it has entered into an agreement for a private placement of 5,000,000 shares and convertible bond on July 8, 2014. The company will receive SEK 1.50 million in form of convertible bond from new investor Norrlandsfonden. The bond will have no interest and will mature on December 31, 2020.

The bond will be convertible into common shares at SEK 0.80 per share.