Varie
Communiqué from Nordic Mines' extraordinary general meeting
PRESS RELEASE DECEMBER 20, 2012
At the extraordinary general meeting of Nordic Mines AB (publ), held on December 20, 2012, at Företagshotellet Drabanten, Bangårdsgatan 13, Uppsala, the shareholders resolved to approve the board of directors' resolution of November 19, 2012, on a new issue of shares with preferential right for the company's existing shareholders, the board of directors' proposal on an authorisation for the board of directors' to, up until the next annual general meeting, resolve on new share issues, with or without deviation from the shareholder's preferential right, the board of directors' two proposals regarding amendments of the Articles of Association and to elect Berne Jansson as a new board member.
New issue of shares
The board of directors' resolution, which was approved by the general meeting, on a new issue of shares means that three (3) subscription rights is obtained for one (1) existing share. One (1) subscription right entitles to subscription for one (1) new share in the Company at a subscription price of SEK 1.10, which means that the number of shares in the Company will increase by not more than 255,912,714 shares and that the Company's share capital will increase by not more than SEK 255,912,714.
The record date with Euroclear Sweden AB for participation in the rights issue is December 28, 2012.
The subscription period will be from and including January 4, 2013 up until and including January 18, 2013 or such later date that the Board may decide. Subscription rights that have not been used by that date will become invalid and loose their value. Subscription rights will be traded on NASDAQ OMX Stockholm from and including January 4, 2013 up until and including January 15, 2013. The Company will receive not more than approximately SEK 282 million before issue costs, by way of the rights issue.
New board member
Berne Jansson is 71 years old and is, since 2012, Project Manager of Eldorado Gold Corporation's mining project in Perama Hill, Greece. Previously Mr. Jansson was Vice president, Operations of Eldorado Gold Corporation. Mr. Jansson has a M.Sc. (Mining) from the Royal Institute of Technology, Stockholm.
Paul N. Wright resigned from the board of directors with effect from the extraordinary general meeting.
Following the election above, the board of directors consist of Lennart Schönning, Thomas Cederborg, Kjell Moreborg, Stefan Romedahl and Berne Jansson with Lennart Schönning as chairman, until the end of the next annual general meeting.
Authorisation to resolve on new share issues
The extraordinary general meeting resolved to authorise the board of directors to, on one or several occasions during the period until the next annual general meeting, resolve upon a new issue of shares, with or without deviation from the shareholder's preferential rights. The number of shares that can be issued, by virtue of the authorisation, shall amount to not more than 50,000,000. The board shall have the right to set terms and conditions for issues by virtue of the authorisation, including the subscription price, which, however, shall be determined on market terms (taking into consideration a necessary market discount). Payment for subscribed shares shall, where applicable, be made by way of set-off or in kind. The reason for authorising the board to resolve upon new issues of shares with possible deviation from the shareholders' preferential right is mainly to enable the company to implement private placements with the purpose of widening the shareholder base with long term institutional investors which is expected to benefit the company in both a short and a long term perspective.
Amendments to the Articles of Association
The extraordinary general meeting resolved to approve the board of directors' two proposals to amend the Articles of Association, regarding the limits for the number of shares and share capital.
The complete proposals for resolutions regarding the extraordinary general meeting as referenced above are available at the Company's webpage www.nordicmines.com
For additional information, please contact:
Lennart Schönning, Chairman of the Board, +46 (0) 18 84 345 00
Thomas Cederborg, CEO, +46 (0) 18 84 345 01
For additional information about Nordic Mines, please visit; www.nordicmines.com
Uppsala, December 20, 2012
On behalf of Nordic Mines AB (publ)
The board of directors
The information above has been made public in accordance with the Securities Market Act and/or the Financial Instruments Trading Act. The information was submitted for publishing at 12.00 on December 20, 2012.
Nordic Mines is a Nordic mining and exploration company whose goal is to be one of the leading gold producers in 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 Sweden. Nordic Mines has 120 employees and its head office is in Uppsala. The Nordic Mines share is traded on the Nasdaq OMX Mid Cap list in Stockholm.
Copyright Thomson Reuters
This announcement is distributed by Thomson Reuters on behalf of Thomson Reuters clients.
The owner of this announcement warrants that:
(i) the releases contained herein are protected by copyright and other applicable laws; and
(ii) they are solely responsible for the content, accuracy and originality of the
information contained therein.
Source: %s via Thomson Reuters ONE