Nordic Mines AB

Republishing of the Year-End Report 2016 with editorial changes - Seite 2

Full Year 2016

• Revenues were SEK 0.0 million (SEK 0.0 million 2015) due to the production stop at the Laiva mine.
• The Company reported an operating loss of SEK -37.2 million (SEK -92.3 million 2015).

Loss after tax for the period amounted to SEK -37.3 million (SEK 0.0 million 2015), corresponding to SEK -0.07 (SEK 0.00 2015) per share.

Total comprehensive income for the period was SEK -35.2 million (SEK -2.6 million 2015).

Significant events after December 31, 2016

• On 9 January 2017, the Board of Directors decided to cancel the extraordinary general meeting discussed above. The decision was taken because the Board of Directors of Nordic Mines has decided to take necessary steps to carry out a rights issue of common shares to the Company's shareholders of approximately USD 5.0 million, subject to shareholders' approval.
• On 18 January, Nordic Mines appointed the investment bank, Evli Bank plc to lead a rights issue on behalf of the Company.
• On 18 January, the Company announced the resignation from the Board of Directors of Mr Pranay Panda with immediate effect.
• The Company secured a further SEK 2.6 million (USD 0.3 million) in shareholder loans from Lau Su Holding AB.

 

Note

Nordic Mines is required to publish this information pursuant to the Securities Markets Act and/or the Financial Instruments Trading Act. The information was published on 1 March 2017, at 15:00 GMT.

 

For further information, please contact:

Rune Nordström, Head of Corporate Communications and Investor Relations,
[phone]
Mail: [e-mail]

[e-mail]

20170228 Year-End Report 2016 with editorial changes

---

This announcement is distributed by Nasdaq Corporate Solutions on behalf of Nasdaq Corporate Solutions clients.
The issuer of this announcement warrants that they are solely responsible for the content, accuracy and originality of the information contained therein.
Source: Nordic Mines AB via Globenewswire