Nordic Mines names Eva Kaijser new CEO

Nordic Mines names Eva Kaijser new CEO

ID: 390393

(Thomson Reuters ONE) -


PRESS RELEASE 4 May 2015

The English text is an unofficial translation of the Swedish original and in
case of any discrepancies between the Swedish text and the English translation,
the Swedish text shall prevail. This is not a legal document.


The Board of Directors of Nordic Mines has decided to replace the current CEO
and to name Eva Kaijser the new CEO of the Group. Eva has more than 17 years of
experience in the mining industry, of which 11 years with the Boliden Group in
various management and executive managment roles. Eva left Boliden to be the CFO
of Northland Resources. Most recently Eva has been working as an independent
advisor within the mining industry. Eva Kaijser will take over the role of CEO
for Nordic Mines immediately.

Comments from the Chairman of the Board of Directors, Lennart Schönning

"Eva has an extensive financial and industrial background in the mining
industry, in particular in complicated negotiations with lenders and banks. With
Eva at the helm of Nordic Mines, we are now building a strong team to conclude
the ongoing discussions with the Company's lenders. In combination with the
company's ongoing efforts to further strengthening liquidity to meet the
increased need for working capital during the first months of the restart of the
Laiva operations we hereby solidify the foundation for restarting profitable
operations at the Laiva mine," says the Chairman of the Board, Lennart
Schönning, in a statement.

"I would also like to take this opportunity to thank our previous CEO, Thomas
Cederborg, for his commendable contributions during his time as CEO, in
particular in conjunction with the conclusion of the Company's reorganisations
in Finland and Sweden in the autumn of 2014 following extensive composition




plans, significant debt write-downs of existing bank loans and the raising of
capital from new and old shareholders," concludes Lennart Schönning.



For further information contact:
Lennart Schönning, Chairman, +46 (0)8 5051 6500
Eva Kaijser, CEO, +46 (0)70 932 09 01

For more information about Nordic Mines, please visit our website at
www.nordicmines.se.

The information in this press release has been published pursuant to the
Securities Markets Act and/or the Financial Instruments Trading Act. The
information was published at 8:00 a.m. on 4 May 2015.

Nordic Mines AB is a Nordic mining and exploration company. Gold production
began in the Laiva mine in Finland at the end of 2011. The deposit is among the
largest in the Nordic region. Nordic Mines is a member of Svemin and applies its
reporting regulations for publicly owned mining and exploration companies. The
Nordic Mines share is admitted for trading on the Nasdaq Stockholm Small Cap
list. Also refer to www.nordicmines.se




Nordic Mines names Eva Kaijser new CEO:
http://hugin.info/138647/R/1918349/686437.pdf



This announcement is distributed by GlobeNewswire on behalf of
GlobeNewswire 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 GlobeNewswire
[HUG#1918349]




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Bereitgestellt von Benutzer: hugin
Datum: 04.05.2015 - 08:00 Uhr
Sprache: Deutsch
News-ID 390393
Anzahl Zeichen: 3869

contact information:
Town:

Stockholm



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Business News



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