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Final result of Nordic Mines' rights issue


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Copyright © Thomson Reuters 2013. All rights reserved.
2013-01-24 08:03:54 -

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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 Schönning) 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 341,216,952. 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, +46 708 480 521 Susanne Andersson, CFO, +46 730 668 904 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. This announcement is distributed by Thomson Reuters on behalf of Thomson Reuters 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 Thomson Reuters ONE [HUG#1672495]


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