PRESS RELEASE, 12 March 2014 (A translation from Swedish)
Nordic Mines Oy starts cooperation negotiations with the objective to obtain
further cost savings at the Laiva mine in Finland
The Finnish subsidiary Nordic Mines Oy starts cooperation negotiations to plan
for a temporary production stop at the Laiva mine to obtain further cost
savings.
In order to extend the time for corporate reorganization work, including raising
external financing, Nordic Mines Oy has the intention to invite employee
representatives to cooperation negotiations in accordance with applicable
Finnish law. The plan is to temporarily stop the production at the Laiva mine to
obtain further cost savings.
"It is important to keep all alternatives open and therefore more time is
needed", says Thomas Cederborg, CEO.
For further information, please contact:
Thomas Cederborg, CEO, +46Â 708Â 480 521
Susanne Andersson, CFO, +46 730 668Â 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 March 12, 2014.
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.
Nordic Mines Oy starts cooperation negotiations:
http://hugin.info/138647/R/1768066/600855.pdf
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Source: Nordic Mines AB via GlobeNewswire
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