Nordic Mines publ AB: Business description, financial summary, 3yr and interim financials, key statistics/ratios and historical ratio analysis.
Provider: Reuters Investment Profile
Provider: Wright Reports
NYSE and AMEX quotes delayed by at least 20 minutes. NASDAQ delayed by at least 15 minutes. For a complete list of exchanges and delays, please click here.
Nordic Mines publ AB informs on ongoing corporate reorganization procedures in Sweden and Finland
Nordic Mines publ AB:Updates on the Swedish reorganization procedure.Says that the administrator for the Swedish companies within the Nordic Mines group has to the Uppsala District Court filed composition plans supported by creditors representing at least 40 pct of outstanding unsecured debt.Says the District Court has approved the administrator's composition plan proposals and called for creditor committee meetings on July 30.Says the District Court will decide whether the final composition plan can be decided upon.Says the District Court has the possibility to postpone the completion of the creditor committee meetings for another three weeks after July 30.Says, for all unsecured creditors, the composition plan would imply full cash payment of receivable up to 9,000 Swedish crowns (1,000 euros) and 10 pct payment of claims in excess of that.Updates on the Finnish reorganization procedure.Says the administrator for the Finnish subsidiary is expected to file a composition plan proposal to the Uleaborg District Court as of July 8.Says the creditors to the Finnish subsidiary will be able to respond to the proposal until July 18.Says a request will be filed to the District Court for final decision on the composition plan.Says, for all unsecured creditors, the composition plan would imply full cash payment of receivables up to 1,000 euros (9,000 Swedish crowns) and 10 pct payment of receivables larger than 1,000 euros (9,000 Swedish crowns).
Latest Developments for Nordic Mines publ AB
- Nordic Mines publ AB will have a new issue subscribed to about 152 million Swedish crowns
- Nordic Mines says Finnish court has adopted composition plan proposal
- Nordic Mines reaches preliminary settlement with lenders
- Nordic Mines presents a preliminary financing solution and resolves on terms for share issues
- Share this
- Digg this