NOT FOR DISTRIBUTION, DIRECTLY OR INDIRECTLY, IN OR INTO THE UNITED STATES,
AUSTRALIA, CANADA, HONG KONG, JAPAN,NEW ZEALAND, SINGAPORE OR SOUTH AFRICA OR IN
ANY JURISDICTION IN WHICH THE DISTRIBUTION OF THIS RELEASE WOULD BE UNLAWFUL.
PRESS RELEASE January 24, 2013
The final result of Nordic Mines AB's (publ) ("Nordic Mines" or the "Company")
rights issue shows that 252,201,683 shares, representing approximately 98.5 per
cent of the offered shares, were subscribed for through the exercise of
subscription rights. In addition, subscription forms corresponding to
approximately 94.2 million shares have been received for subscription without
the exercise of subscription rights. Thus, the rights issue is fully subscribed
and the underwriting commitments did not need to be utilized. The 3,711,031
shares that were not subscribed for through the exercise of subscription rights,
have been allotted to persons that have subscribed for shares without the
exercise of subscription rights, in accordance with the principles set forth in
the prospectus which was published on December 28, 2012.
Through the rights issue, Nordic Mines will receive proceeds amounting to
approximately SEK 282 million (including set-off amount) before transaction
related costs. Payment for a total of 47,250,000 shares, which were subscribed
for through the exercise of subscription rights by Property Dynamics AB (owned
by the chairman of the Company Lennart SchÃ¶nning) and Eldorado Gold Cooperatief
U.A. were done by way of set-off against existing interest bearing debts. Nordic
Mines debt has been reduced by approximately SEK 52 million due to this.
Only those who are allotted shares will be notified, which is expected on or
around January 29, 2013. Payment for shares subscribed for without the exercise
of subscription rights shall be made in cash in accordance with the instructions
on the contract note within three banking days from the date when the subscriber
was notified of allotment.
Through the rights issue Nordic Mines' share capital increases by SEK
255,912,714 to SEK 341,216,952. The number of shares increases by 255,912,714 to
New shares subscribed for through the exercise of subscription rights are
expected to start trading on NASDAQ OMX Stockholm on or around January
30, 2013, and new shares subscribed for without the exercise of subscription
rights are expected to start trading on NASDAQ OMX Stockholm on or around
February 6, 2013.
For additional information, please contact:
Thomas Cederborg, CEO, +46Â 708Â 480 521
Susanne Andersson, CFO, +46 730Â 668Â 904
For additional information about Nordic Mines, please visit; www.nordicmines.se
Uppsala, January 24, 2013
Nordic Mines AB (publ)
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 08.00 on January 24, 2012.
Nordic Mines is a Nordic mining and exploration company whose goal is to be one
of the leading gold producers in 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 Sweden. Nordic Mines has 120 employees
and its head office is in Uppsala. The Nordic Mines share is traded on the
Nasdaq OMX Small Cap list in Stockholm.
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originality of the information contained therein.
Source: Nordic Mines AB via Thomson Reuters ONE