Nordic Mines successfully completes private placement of approximately SEK 89 million
(Thomson Reuters ONE) -
NOT FOR RELEASE, PUBLICATION OR DISTRIBUTION, DIRECTLY OR INDIRECTLY, IN OR INTO
THE UNITED STATES, CANADA, AUSTRALIA OR JAPAN OR IN ANY JURISDICTION IN WHICH
THE RELEASE, PUBLICATION OR DISTRIBUTION WOULD BE UNLAWFUL. THIS PRESS RELEASE
DOES NOT CONSTITUTE AN OFFER OF ANY SECURITIES OF NORDIC MINES AB.
Press release 8 March, 2012
Nordic Mines AB ("Nordic Mines") today announces that it has completed a private
placement of 1,750,000 new shares, providing the company with approximately SEK
89 million before transaction costs.
The private placement has allowed Nordic Mines to place 1,750,000 new shares at
a price of SEK 51 per share with international institutional investors and
qualified investors in Sweden through an accelerated bookbuilding procedure.
For the purpose of the private placement, the Board of Directors of Nordic Mines
has resolved, by virtue of the authorization given by the 2011 Annual General
Meeting, on a directed issue of 1,750,000 new shares. The purpose of the
resolution to issue new shares, deviating from the shareholders' pre-emptive
rights, is primarily to broaden the long-term institutional ownership in Nordic
Mines, and to take advantage of an opportunity to raise capital for the below-
mentioned purposes on attractive terms, thereby promoting Nordic Mines's ability
to create further value for all shareholders.
The proceeds from the private placement are intended to be used to strengthen
Nordic Mines's working capital and finance the continued exploration work.
The new issue results in an equity dilution of approximately 5 percent after
completed issue. Furthermore, the subscription price corresponds to a discount
of approximately 0.5 percent compared to the closing share price on 7 March
2012, the last trading day before the resolution to issue new shares. Through
the issue, the number of shares in Nordic Mines increases by 1,750,000 from
34,921,647 to 36,671,647 and the share capital increases from SEK 34,921,647 to
SEK 36,671,647.
Michael Nilsson, CEO of Nordic Mines, comments:
"We are very pleased to have raised this additional funding from new
international and Swedish institutional investors. The strengthened financial
position will enable us to continue the ramp-up of the production in the Laiva
mine as well as continue the exploration and thereby create additional
shareholder value."
Carnegie Investment Bank acted as bookrunner to Nordic Mines.
Information disclosed in this press release is provided herein pursuant to the
Swedish Securities Markets Act. The information was submitted for publication at
8.30 am (CET) on 8 March 2012.
For further information, please contact:
Michael Nilsson, CEO Nordic Mines, +46 (0)18-84 34 501, mille(at)nordicmines.se
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 86 employees
and its head office is in Uppsala. The Nordic Mines share is traded on the
Nasdaq OMX Mid Cap list in Stockholm. For more information, go to
www.nordicmines.com
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: Nordic Mines AB via Thomson Reuters ONE
[HUG#1592344]
Unternehmensinformation / Kurzprofil:
Datum: 08.03.2012 - 08:21 Uhr
Sprache: Deutsch
News-ID 123027
Anzahl Zeichen: 4228
contact information:
Town:
Uppsala
Kategorie:
Business News
Diese Pressemitteilung wurde bisher 184 mal aufgerufen.
Die Pressemitteilung mit dem Titel:
"Nordic Mines successfully completes private placement of approximately SEK 89 million"
steht unter der journalistisch-redaktionellen Verantwortung von
Nordic Mines AB (Nachricht senden)
Beachten Sie bitte die weiteren Informationen zum Haftungsauschluß (gemäß TMG - TeleMedianGesetz) und dem Datenschutz (gemäß der DSGVO).
