Press Release 10 July 2017

Information about observation and trading stop

Quote from Nasdaq's remark:

"The stock exchange can note that Nordic Mines AB does not comply with the requirements for listing requirements (section 2.4.2 of the regulations) concerning capacity for information disclosure (section 2.4.3 of the regulations), and that there appear to be significant deficiencies regarding the board (section 2.4.1 of the regulations ).
 
In the light of the above, and based on paragraph 2.9.2 (2) of the regulatory framework, the stock exchange expect to receive a thorough statement of what measures the company intends to take and how these measures mitigates the above requirements are to be met. Such a statement shall be announced no later than Friday 21 July 2017. The trade stop that the stock exchange has decided on today will last at least until the stock exchange receives the company's statement.
 
When the stock exchange receives feedback from the company around above, we will take a stand on how we proceed on the matter. Due to the fact that the company is not deemed to comply with the applicable listing requirements, the stock exchange has decided to update the observation of the company's share, point 2.7 (i) of the regulatory framework, against this background."

Nordic Mine's response

The company and the board work intensively to resolve the issues Nasdaq has pointed out and intend to return to the stock exchange before July 21 with an answer. 

 



Press Release 4 July 2017

Communication at the Nordic Mines Annual General Meeting 2017

At the Annual General Meeting of Nordic Mines AB (publ) ("Nordic Mines" or "Company"), held on June 30, 2017, at Azets Insight AB's premises, Lindhagensgatan 94, Stockholm.

Resolution on the statement of income and balance sheet, disposals of the Company's results and discharge

The AGM resolved to determine the income statement and balance sheet and the consolidated income statement and consolidated balance sheet for the financial year 2016.

The AGM resolved that no dividend be paid for the financial year 2016 and that the accumulated profit of SEK 97,529,000 will be transferred on a new account.

The Annual General Meeting granted discharge to each of the Board members Hans Andreasson, Krister Söderholm, Kari Langenoja and Torsten Börjemalm for the financial year 2016.

Board member and Chairman Vinod Sethi, Board member Salim Govani and Board member and President Saradhi Rajan were not granted discharge for the financial year 2016.

Decision on the number of Board members and auditors.

The Annual General Meeting decided that the number of Board members should be five without deputies, and that the Company should have an accountant and an auditor's deputy.

Decision on remuneration to the board and auditor

The Annual General Meeting resolved that fees for the period up to the end of the next Annual General Meeting shall be paid in the amount of SEK 200,000 to each of the Board members independent of major shareholders (ie Torsten Börjemalm and Krister Söderholm), giving a total amount About 400,000 kronor.

The AGM further decided that fees to the auditor should be paid on an approved account.

Election of Board, Chairman and Auditor

The Annual General Meeting resolved that, until the end of the next Annual General Meeting, the Board will elect Hans Andreasson, Torsten Börjemalm Krister Söderholm and Fredrik Zettergren. Fredrik Zettergren was elected Chairman of the Board.

The AGM further decided to elect KPMG AB for the Company's auditor, until the end of the next AGM.

Decision on guidelines for remuneration to senior executives

The Annual General Meeting resolved to adopt guidelines for remuneration to the CEO and other senior executives in the Company in accordance with previous practice.

Decision on rights issue

The AGM resolved to approve, in accordance with the proposal received in the notice, a proposal for a new issue as previously announced

For more information about Nordic Mines, please visit www.nordicmines.com. 

For additional information, please contact: 
Torbjorn Bygden
Company Secretary & Investor Relations
Torbjorn.Bygden@azets.net
00 46 (0) 70 301 45 46
Lindhagensgatan 94, Box 34212
10026 Stockholm

 Nordic Mines AB (publ.) is obliged to make this information public pursuant to the EU Market Abuse Regulation. The information was submitted for publication, through the agency of the contact person set out above, at 5 June 2017 08.45 CEST. 

 Nordic Mines is a Nordic mining and exploration company. The Laiva mine in Finland produced gold between 2011 and 2014. The deposit is among the largest in the Nordic region. Nordic Mines is a member of SveMin and applies its reporting regulations for public mining and exploration companies. The Nordic Mines share has been admitted for trading on Nasdaq Stockholm's Small Cap list. For further information, see www.nordicmines.com


 

Press Release 30 June 2017

Changes to Board and Management of Nordic Mines AB (publ)

Vinod Sethi, Director of Board and Chairman has announced that he do not wish to be re-elected at the Annual General Meeting. Kari Langenoja has also declared that he is not at disposal for re-election. Saradhi Rajan, Managing Director has resigned from his position with immediate effect.

For more information about Nordic Mines, please visit www.nordicmines.com.
Torbjörn Bygdén
Company Secretary and Investor Relations
Torbjorn.Bygden@azets.com
00 46 (0) 70 301 45 46
Lindhagensgatan 94, box 34212
10026 Stockholm

Nordic Mines AB (publ.) is obliged to make this information public pursuant to the EU Market Abuse Regulation. The information was submitted for publication, through the agency of the contact person set out above, at 29 June 2017 08.45 CEST.

Nordic Mines is a Nordic mining and exploration company. The Laiva mine in Finland produced gold between 2011 and 2014. The deposit is among the largest in the Nordic region. Nordic Mines is a member of SveMin and applies its reporting regulations for public mining and exploration companies. The Nordic Mines share has been admitted for trading on Nasdaq Stockholm's Small Cap list. For further information, see www.nordicmines.com.

PDF version >