Communiqué from the Annual General Meeting of Nordic Mines AB (publ) held on 23rd May 2013

The English text is an unofficial translation of the Swedish original and in case of any discrepancies between the Swedish text and the English translation, the Swedish text shall prevail. This is not legal document. At the Annual General Meeting of Nordic Mines AB (publ), held on 23rd May 2013, in Drabanten företagshotell, Bangårdsgatan 13, Uppsala, the shareholders passed resolutions in accordance with the proposals for resolutions that were included in the invitation...

The English text is an unofficial translation of the Swedish original and in case of any discrepancies between the Swedish text and the English translation, the Swedish text shall prevail. This is not legal document.

 

At the Annual General Meeting of Nordic Mines AB (publ), held on 23rd May 2013, in Drabanten företagshotell, Bangårdsgatan 13, Uppsala, the shareholders passed resolutions in accordance with the proposals for resolutions that were included in the invitation notice for the meeting.

 

The meeting thus, inter alia, resolved:

- to adopt the balance sheet and the income statement;

 

- that the profits be disposed of such that SEK 812 902 025 be carried forward to new account;

 

- that the members of the Board and the Chief Executive Officer be discharged from liability for the financial year 2012;

 

- that the Board, for the period up to the end of the next Annual General Meeting, shall have five ordinary members and no deputy board members;

 

- that, for the period up to the end of the next Annual General Meeting, a fee of SEK 1 300 000 in total shall be paid to the Board members, out of which total amount the chair of the Board shall be paid SEK 300 000 and each of the other members of the Board a fee of SEK 200 000; no separate fees shall be paid for committee work; the auditor shall be paid a reasonable fee as billed;

 

- to elect as Board members for the period up to the end of the next Annual General Meeting Lennart Schönning, Berne Jansson and Stefan Romedahl (reelection) as well as Helve Boman and Krister Söderholm (election); Lennart Schönning was re-elected as chair of the Board;

 

- to re-elect PWC as auditors for the period up to the end of the Annual General Meeting in 2013,with Martin Johansson as senior auditor;

 

- to establish nomination committee for producing proposals regarding the chair of the meeting, the number of Board members to be elected at the meeting, election of chair and other members of the Board and of the auditor, fees to the Board and the auditor, any compensation for committee work and principles for appointing the nomination committee, in accordance with the nomination committee's proposal included in the invitation notice;

 

- to adopt guidelines for the determination of remuneration for leading executives, in accordance with the Board's proposal included in the invitation notice;

 

- to mandate the Board to resolve a new issue of up to 50 million of shares, convertibles or warrants (or combinations of such) in accordance with the Board's proposal included in the invitation notice.

 

 

On behalf of Nordic Mines AB (publ)

 

The Board of Directors

 

 

 

For further information, please contact:

Thomas Cederborg, CEO, +46 708 480 521
Susanne Andersson, CFO, +46 730 668 904

e-mail: [email protected]

 

The complete proposals for resolutions of the Annual General Meeting as referenced above are available at the website of Nordic Mines AB (publ), http://www.nordicmines.se

 

Please note:

The information above has been made public in accordance with the Securities Market Act and/or Financial Instruments Trading Act. The information was published at 18.30 (CET) on May 23, 2013.

 

 

Nordic Mines is a Nordic mining and exploration company whose vision is to be one of the leading gold producers in the Nordics and Europe and a role model in respecting the environment. The company started mining gold in the Laiva mine in Finland in summer 2011. These gold deposits are among the largest in the Nordic region. Exploration is in progress in Finland and in Sweden. Nordic Mines was established 2005 and have more the 100 employees with head office in Uppsala, Sweden, The Nordic Mines share is traded on the Nasdaq OMX Small Cap list in Stockholm.

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