Corporate reorganization to continue within Nordic Mines
(Thomson Reuters ONE) -
PRESS RELEASE, 18 November 2013 (A translation from Swedish)
The Oulu District Court has approved that the work to establish a corporate
reorganization plan at the Finnish subsidiary Nordic Mines Oy shall continue.
The administrator for Nordic Mines Oy has asked the Oulu District Court to
extend the time to complete a profitable long term business plan. The
Administrator and the company's management are together investigating the
possibility to resume full operation based on sufficient profitability and
financing.
The Oulu District Court has approved the time to be extended. The next Finnish
court-appointed date to present such a plan is the 3 March 2014.
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 November 18, 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.
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#1743774]
Unternehmensinformation / Kurzprofil:
Datum: 18.11.2013 - 08:00 Uhr
Sprache: Deutsch
News-ID 317431
Anzahl Zeichen: 2441
contact information:
Town:
Uppsala
Kategorie:
Business News
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"Corporate reorganization to continue within Nordic Mines"
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