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Nordic Mines AB (publ) (NOMI.ST)

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Latest Key Developments (Source: Significant Developments)

Nordic Mines says to bring Laiva back into production
Monday, 10 Apr 2017 02:30am EDT 

Nordic Mines : Announces transformational transaction to bring Laiva back into production . Says signed a heads of agreement with the Canadian company Firesteel Resources whereby FTR will acquire a majority stake in the Laiva project by a combination of newly issued shares in Nordic Marknad, a wholly owned subsidiary of the Company, or buying shares in NMM from the Company . FTR intends to make the investment necessary to take the Laiva project back into profitable production .Nordic Mines shares rise 35 pct in early trade.  Full Article

Nordic Mines posts Q4 loss
Tuesday, 28 Feb 2017 03:00am EST 

Nordic Mines AB (Publ) : Q4 revenues were SEK 0.0 million (SEK 0.0 million Q4 2015) as Laiva mine is on care and maintenance and not in production . The Company reported an operating loss of SEK -12.3 million (SEK -25.0 million Q4 2015) . The Board of Directors of Nordic Mines is examining various strategic options available in order to create shareholder value and expedite taking the Laiva Mine back into production .Says the Board will announce the preferred way forward, as soon as possible.  Full Article

Nordic Mines says Q3 operating loss SEK 3.1 million
Wednesday, 30 Nov 2016 03:06am EST 

Nordic Mines Ab (Publ) says: Q3 Operating loss SEK 3.1 million (loss SEK 12.6 million) . Q3 Loss after tax for the period amounted to SEK 2.9 million (loss SEK 15.6 million), corresponding to SEK -0.01 (SEK -0.29) per share. .Q3 Revenues were SEK 0.0 million (SEK 0.0 million) as the Laiva Mine is on care and maintenance and not in production..  Full Article

Nordic Mines Q2 operating loss narrows, running out of cash
Thursday, 18 Aug 2016 02:00am EDT 

Nordic Mines Publ Ab : Q2 operating loss of sek -8.5 million (sek -28.4 million) .Says does not have sufficient funds to cover its needs for the month of September 2016.  Full Article

Nordic Mines Q1 operating loss narrows, says needs additional funding
Thursday, 12 May 2016 02:00am EDT 

Nordic Mines : Net sales were nil (SEK 0.0 million) during the first quarter of 2016, as the Laiva mine continued to operate on a care and maintenance basis only . Q1 operating loss of SEK -13.3 million (SEK -26.3 million) .Says the company currently does not have sufficient funds to cover its needs for the next six months starting from the date of this report and will need to raise additional funding to provide sufficient headroom to meet the operating costs for the next six months and put the Laiva mine back into production.  Full Article

Nordic Mines names Saradhi Rajan new CEO
Wednesday, 3 Feb 2016 02:00am EST 

Nordic Mines publ AB:Appoints D. Saradhi Rajan as new CEO.Says company will now focus on initiating an exit from the composition plan, planning and preparing for the Laiva mine to operate as a globally competitive operation and reiterate investors confidence in Nordic Mines as an investment case.Says current CEO and CFO has chosen to leave their respective positions in Nordic Mines at latest by the end of February.They will thereafter continue as senior advisors for the Company.  Full Article

Nordic Mines says Vinod Sethi is proposed as Chairman
Tuesday, 5 Jan 2016 06:00am EST 

Nordic Mines publ AB:proposal for a new board of directors in Nordic Mines.Majority Owner proposes re-election of Krister Soderholm and new election of Vinod Sethi, Hans Andreasson, Torsten Borjemalm, Salim Govani, Kari Langenoja, Pranay Panda and D. Saradhi Rajan.Vinod Sethi is proposed for election as Chairman of the Board.  Full Article

Nordic Mines receives around SEK 80 million from new share issue; announces new main owner
Friday, 13 Nov 2015 02:00am EST 

Nordic Mines publ AB:Receives around SEK 80 million from the new share issue and receives a new industrial main owner.Assuming that submitted subscription applications are fulfilled, Nordic Mines will gain a new main owner - Lau Su Holding AB.The investor is controlled by a number of investors with a background in the Indian gold industry among other areas.These investors include Royal Refinery Private Limited, which is based in Mumbai, India.  Full Article

Nordic Mines finalizes debt agreement, to issue new shares
Monday, 9 Nov 2015 02:00am EST 

Nordic Mines publ AB:Nordic Mines' agreement with the banks finalized.Says purchases all of lenders' claims on group companies in accordance with existing project financing agreements for a purchase price of 5 million euros.Says this corresponds to an additional write-down of the original loan amounts of about 10 million euros.Agreement also includes outstanding warrants held by the lenders corresponding to an ownership of 12 pct.Says is now conducting a new share issue with preferential rights for existing shareholders to fund the purchase.Says subscription price has been set to 0.20 crowns per share.Says proceeds from rights issue will, in case of full subscription, amount to just over 108 million Swedish crowns prior to transaction costs.Subscription period will run until Nov. 9.  Full Article

Nordic Mines sets final terms for rights issue
Friday, 16 Oct 2015 02:00am EDT 

Nordic Mines publ AB:Board of directors of Nordic Mines resolves on final terms for rights issue in an amount of not less than 80 million Swedish crowns.The number of shares shall be increased by a maximum of 540,304,320.For each share owned on the record day, 10 subscription rights shall be obtained and 1 subscription right entitles to 1 new share.For each new share, 0.20 crowns shall be paid.  Full Article

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