Nordic Mines has secured Bridge financing
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Press release June 4, 2012
Nordic Mines AB (publ) ("Nordic Mines") has secured bridge financing of SEK 95
million which will be used for the company's obligations until Nordic Mines
obtains the proceeds from the already announced fully underwritten rights issue
of approximately SEK 220 million
On May 23, 2012 Nordic Mines announced an underwritten rights issue of
approximately SEK 220 million before issue costs, subject to approval by the
Extraordinary General Meeting on June 15, 2012.
Since the issue proceeds in the forthcoming rights issue will not be available
to the company before the end of the subscription period, which is expected to
be July 5, 2012, Nordic Mines has obtained bridge financing. The bridge
financing enables Nordic Mines to perform its obligations to its lenders by the
end of June 2012.
The bridge financing has been procured at market conditions from a consortium
consisting of Carnegie Investment Bank AB (publ) and some of the external
guarantors in the rights issue. The bridge financing requires, inter alia,
approval of the rights issue at the Extraordinary General Meeting on June
15, 2012. The bridge financing will be repaid when Nordic Mines obtains access
to the issue proceeds.
The Board of Directors assess that the underwritten rights issue solves current
short term liquidity needs and creates a buffer for the future.
For additional information, please contact
Lennart Schönning, Chairman of the Board of Directors, +46 18 84 345 00
Michael Nilsson, CEO, +46 18 84 345 01
For additional information about Nordic Mines, please visit; www.nordicmines.se
Uppsala, June 4, 2012
Nordic Mines AB (publ)
The information above has been made public in accordance with the Securities
Market Act and/or the Financial Instruments Trading Act. The information was
published at 08.00 on June 4, 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 86 employees
and its head office is in Uppsala. The Nordic Mines share is traded on the
Nasdaq OMX Mid Cap list in Stockholm.
This announcement is distributed by Thomson Reuters on behalf of
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(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#1616789]
Unternehmensinformation / Kurzprofil:
Datum: 04.06.2012 - 08:00 Uhr
Sprache: Deutsch
News-ID 152520
Anzahl Zeichen: 3477
contact information:
Town:
Uppsala
Kategorie:
Business News
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"Nordic Mines has secured Bridge financing"
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