Talvivaara's rights offering oversubscribed by the end of the subscription period
(Thomson Reuters ONE) -
Stock Exchange Release
Talvivaara Mining Company Plc
9 April 2013
NOT FOR RELEASE, PUBLICATION OR DISTRIBUTION, DIRECTLY OR INDIRECTLY, IN OR INTO
THE UNITED STATES, CANADA, AUSTRALIA, HONG KONG, SOUTH AFRICA OR JAPAN OR ANY
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Talvivaara's rights offering oversubscribed by the end of the subscription
period
Based on subscriptions made by the end of the subscription period, Talvivaara
Mining Company Plc's ("Talvivaara") approximately EUR 261 million rights
offering was oversubscribed. Subscriptions were received in respect of
approximately 1 579 million offered shares pursuant to subscription rights,
representing 96.7 per cent of the 1 633 857 840 offered shares. Taking into
account the subscriptions received without subscription rights in the secondary
subscription the offering was significantly oversubscribed by the end of the
subscription period.
The subscription period for the rights offering ended on 5 April 2013 and
trading in interim shares (TLV1VN0113), representing the offer shares subscribed
for pursuant to subscription rights, commenced on 8 April 2013.
Enquiries
Talvivaara Mining Company Plc Tel +358 20 7129 800
Pekka Perä, CEO
Saila Miettinen-Lähde, Deputy CEO and CFO
Talvivaara Mining Company Plc
Talvivaara Mining Company is an internationally significant base metals producer
with its primary focus on nickel and zinc using a technology known as
bioheapleaching to extract metals out of ore. Bioheapleaching makes extraction
of metals from low grade ore economically viable. The Talvivaara deposits
comprise one of the largest known sulphide nickel resources in Europe. The ore
body is estimated to support anticipated production for several decades.
Talvivaara has secured a 10-year off-take agreement for 100 per cent of its main
output of nickel and cobalt to Norilsk Nickel and entered into a long-term zinc
streaming agreement with Nyrstar NV. Talvivaara is listed on the London Stock
Exchange Main Market and NASDAQ OMX Helsinki. Further information can be found
at www.talvivaara.com.
Talvivaara rights offering oversubscribed:
http://hugin.info/136227/R/1691804/555672.pdf
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Source: Talvivaaran Kaivososakeyhtiö Oyj via Thomson Reuters ONE
[HUG#1691804]
Unternehmensinformation / Kurzprofil:
Datum: 09.04.2013 - 22:19 Uhr
Sprache: Deutsch
News-ID 247536
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