Nordic Mines share being put on observation status
(Thomson Reuters ONE) -
The English text is an unofficial translation of the Swedish original, and in
the event of any discrepancies between the Swedish text and the English
translation the Swedish text shall take precedence.
PRESS RELEASE 4 August 2016
Nasdaq Stockholm has, after dialogue with Nordic Mines AB (publ) ("Nordic Mines"
or the "Company") decided to temporarily give Nordic Mines' share observation
status due to the liquidity is not sufficient for the next three months
However, the company has agreed on the terms of financing of USD 500 000 and
finalizing terms for a further USD 1000 000 to be drawn down when necessary.
CEO Saradhi Rajan comments: "We feel confident that with the support from our
existing large shareholders that we will finalize the short term financing soon.
In parallel we are working towards securing the larger financing during the fall
which will place the company on a stable long term financial footing"
For further information, please contact:
D. Saradhi Rajan, CEO Nordic Mines: +44 743 271 1564
For more information about Nordic Mines, please visit; www.nordicmines.com
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 04.30 p.m. (CET) on August 4, 2016.
Nordic Mines is a Nordic mining and exploration company. The Laiva mine in
Finland produced gold between 2011 and 2014. The deposit is among the largest in
the Nordic region. Nordic Mines is a member of SveMin and applies its reporting
regulations for public mining and exploration companies. The Nordic Mines share
has been admitted for trading on Nasdaq Stockholm's Small Cap list. Also refer
to www.nordicmines.com
Press release (PDF):
http://hugin.info/138647/R/2033320/757058.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#2033320]
Unternehmensinformation / Kurzprofil:
Datum: 04.08.2016 - 16:33 Uhr
Sprache: Deutsch
News-ID 487429
Anzahl Zeichen: 2589
contact information:
Town:
Stockholm
Kategorie:
Business News
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"Nordic Mines share being put on observation status"
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