Nordic Mines AB: Basic report filed at the Oulu District Court for Nordic Mines Oy

Nordic Mines AB: Basic report filed at the Oulu District Court for Nordic Mines Oy

ID: 294934

(Thomson Reuters ONE) -


The administrator in Finland yesterday filed a basic report to the Oulu District
Court before closing of the day. Work within the corporate reorganization plan
shall continue.

The administrator Hannu Ylönen, at Attorneys Krogerus Oy, yesterday filed a
basic report at the Oulu District Court. The basic report includes the financial
position of Nordic Mines Oy at the time of filing for corporate reorganization
the 8(th) July 2013.

The administrator shall give an assessment of the restructurability of the
company when the details of the prerequisites of a future profitable business
plan and possible need for extra financing are available. Work to establish
details for a long term business plan will continue, until an analysis whether
the company can resume full operations with profitability, can be completed.

The next Finnish court-appointed step is the 18(th) November 2013 when a
complete corporate reorganization plan shall be presented.

For further information, please contact:
Thomas Cederborg, CEO, +46 708 480 521
Susanne Andersson, CFO, +46 730 668 904

For further information regarding Nordic Mines, please connect to
www.nordicmines.com
The information above has been made public in accordance with the Securities
Market Act and/or Financial Instruments Trading Act. The information was
published at 08.00 (CET) on September 10, 2013.


Nordic Mines is a Nordic mining and exploration company whose vision is to be
one of the leading gold producers in the Nordics and 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 in Sweden. Nordic Mines was
established 2005 and have more the 100 employees with head office in Uppsala,




Sweden, The Nordic Mines share is traded on the Nasdaq OMX Small Cap list in
Stockholm.


Press release September 10:
http://hugin.info/138647/R/1728210/577096.pdf



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#1728210]




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Bereitgestellt von Benutzer: hugin
Datum: 10.09.2013 - 08:00 Uhr
Sprache: Deutsch
News-ID 294934
Anzahl Zeichen: 2796

contact information:
Town:

Uppsala



Kategorie:

Business News



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