Press release regarding notification from Nasdaq Stockholm
By reason of the proposed changes by the board of directors in Nordic Mines AB (publ), which is communicated through a press release on 1 June 2017, in respect of the invitation to the annual general meeting held on 30 June 2017, Nasdaq Stockholm, informed the company that the proposed changes are judged to represent a significant change in the business and, therefore, hit by section 2.8 of Nasdaq Stockholm’s rules for issuers. The exchange has therefore decided that a new noteringsprocess must be initialized. Such a new noteringsprocess means that a new application to the noteringskommittén needs to be initialized, to a börsrevisor will need to be involved in order to assess whether the company meets the listing requirements and a full application fee must be paid. On the basis of the above, Nasdaq Stockholm, requested that the board of directors no later than Friday 9 June 2017, in writing, will come back with information about how the company intends to proceed.
In accordance with this the board will respond to the Nasdaq Stockholm not later than Friday, 9 June 2017, in respect of how the company intends to proceed to, if possible, avoid a new noteringsprocess.
A possible solution that will be the subject of a discussion with the NASDAQ is that the current board of directors ensures the participation of the four current directors along with three of the Lau Su Holding AB proposed new board members, who then announced for the election at which the publication of the annual general meeting held June 30, 2017. If the proposed solution is accepted by NASDAQ, will an updated notice with amendments that issued to the annual meeting. The proposed solution thus include support for the current board ensures that the Legacy of the Hill supports the continued support for business continuity during a transitional period, where a smooth handover from the Legacy Hill is the new of the new board of directors appointed management.
For further information, please contact:
For more information about Nordic Mines, please visit www.nordicmines.com.
This information is such that Nordic Mines AB (publ) shall publish in accordance with the EU marknadsmissbruksförordning. The information was submitted for publication, through the above contact care for publication on 5 June 2017, there 08.45 CEST.
Nordic Mines is a nordic mining and exploration companies. At the laiva mine in Finland, produced gold during the years 2011 to 2014. The deposit is one of the largest in the Nordic region. Nordic Mines is a member of SveMin and applying its reporting rules for public mining and exploration companies. The Nordic Mines share is traded on Nasdaq Stockholm Small Cap list. See also www.nordicmines.com.
20170605 NOMI Press Release SEE