Nordic Mines publ AB (NOMI.ST) Key Developments | Reuters.com
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Nordic Mines publ AB (NOMI.ST)

NOMI.ST on Stockholm Stock Exchange

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1 Jul 2016
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Latest Key Developments (Source: Significant Developments)

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

Nordic Mines to issue new shares
Monday, 31 Aug 2015 02:10am EDT 

Nordic Mines publ AB:Nordic Mines consolidates its shares.Says to reduce the company's share capital to cover losses and to carry out a reorganisation of its shares via a reverse split on a 1-for-100 basis, which means that 100 shares will be consolidated to a single share.Says to issue new shares.Says new issue of four shares to Evli Corporate Finance in order to achieve an evenly distributable number of shares in reverse split.  Full Article

Nordic Mines: Tallqvist to operate Laiva mine in future
Thursday, 13 Aug 2015 02:00am EDT 

Nordic Mines publ AB:Says signs agreement in principle with AB Tallqvist Infra Oy, a local mining contracting firm, to operate Laiva mine in future.Says will be extending an invitation for codetermination negotiations with goal of realising additional cost savings in near future at Laiva mine.  Full Article

Nordic Mines holds start of production at Laiva mine and withdraws proposed share issue
Thursday, 25 Jun 2015 02:00am EDT 

Nordic Mines publ AB:Nordic Mines holds start of production at Laiva mine and withdraws proposed share issue.Since board has decided to hold off on the start of production at the Laiva mine, company will not seek additional capital from its shareholders or external investors via share issues.  Full Article

Nordic Mines appoints Eva Kaijser as new CEO
Monday, 4 May 2015 02:00am EDT 

Nordic Mines publ AB:Names Eva Kaijser new CEO.Board of Directors of Nordic Mines has decided to replace the current CEO.  Full Article