Nordic Mining ASA

Type: Company
Name: Nordic Mining ASA
First reported Sep 01 2014 - Updated Sep 01 2014 - 1 reports

Publication of a second supplementary prospectus relating to Nordic Mines rights issue

Not for distribution, directly or indirectly, in or into the United States, Australia, Hong Kong, Japan, Canada, New Zealand, Singapore or South Africa or in any other jurisdiction where the distribution of this press release would be unlawful.PRESS RELEASE, ... [Published BusinessWeek - Sep 01 2014]
First reported Sep 01 2014 - Updated Sep 01 2014 - 1 reports

The new issue in Nordic Mines is subscribed to circa SEK 152m

Not for distribution, directly or indirectly, in or into the United States, Australia, Hong Kong, Japan, Canada, New Zealand, Singapore or South Africa or in any other jurisdiction where the distribution of this press release would be unlawfulPRESS RELEASE, ... [Published ElectroIQ - Sep 01 2014]
First reported Aug 29 2014 - Updated Aug 29 2014 - 1 reports

Nordic Mines AB (publ) Interim report January - June 2014

Second quarter 2014· On 31 July 2014, the Uleåborg District Court adopted the composition plan proposal filed with the court by the administrator for Nordic Mines' Finnish subsidiary, attorney Hannu Ylönen of the law firm Krogerus. For the subsidiary's ... [Published Nasdaq - Aug 29 2014]
First reported Aug 25 2014 - Updated Aug 25 2014 - 1 reports

NORDIC MINING ASA : Moderate current velocities at the intended disposal site

DNV GL has made a review of the data from the last measuring period from 6 May till 5 August 2014 . The results show that the current velocities in the deposition area are in line with previous periods, showing moderate currents in the deep parts of the ... [Published 4 Traders - Aug 25 2014]
First reported Aug 15 2014 - Updated Aug 15 2014 - 1 reports

Nordic Mining’s interim report for the quarter ended 30 June 2014

Enclosed please find Nordic Mining's interim report for the second quarter 2 ... [Published Noodls - Aug 15 2014]
Entities: Nordic Mining ASA
First reported Apr 11 2014 - Updated Apr 11 2014 - 1 reports

World Titanium Production to Exceed 8.5 Mln Tonnes in 2018, According to New Report by Merchant Research & Consulting

Profound analysis and forecast of the titanium market at different geographical scales can be found in the novel research study “Titanium: 2014 Market Review and Forecast” worked out by Merchant Research & Consulting and recently published by Market Publishers ... [Published PRWeb - Apr 11 2014]

Quotes

"As the new issue is now subscribed to SEK 152m, the last piece is in place to end the company reorganization process that Nordic Mines has been in since July 2013. After the proceeds of the new issue have been paid all conditions fulfills for the write down of debt together with the composition plan in Sweden and Finland and proceeds from the new issue makes Nordic Mines go from threat of bankruptcy to a strengthened cash position. The liquidity increase from the new issue enables, together with the write down of debt of SEK 440m (EUR 48m), that we during winter/spring 2015 look forward to restart the operations of the Laiva mine in a way that provides prerequisites for a significantly better profitability than before" , comments Thomas Cederborg, CEO of Nordic Mines
"Through the agreement with the Company's lenders and the composition plan proposals adopted for the Company's Swedish and Finnish subsidiaries, debts totalling approximately EUR 48 million (approximately SEK 440 million) have now been written down. In combination with a capital contribution, this enables restart of the Laiva mine. We are grateful for the confidence shown by Company shareholders through their submission of registrations for subscription in the rights issue in an amount equivalent to SEK 100 million. The Company Board and management are now working intensively within the framework of the financing plan presented in April to achieve the set issue condition relating to minimum capital contribution of SEK 150 million" says Managing Director Thomas Cederborg in a statement

More Content

All (9) | News (6) | Reports (0) | Blogs (2) | Audio/Video (0) | Fact Sheets (1) | Press Releases (0)
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Publication of a second supplementary prospectu... [Published BusinessWeek - Sep 01 2014]
The new issue in Nordic Mines is subscribed to ... [Published ElectroIQ - Sep 01 2014]
Nordic Mines AB (publ) Interim report January -... [Published Nasdaq - Aug 29 2014]
NORDIC MINING ASA : Moderate current velocities... [Published 4 Traders - Aug 25 2014]
Nordic Mining’s interim report for the quarter ... [Published Noodls - Aug 15 2014]
World Titanium Production to Exceed 8.5 Mln Ton... [Published PRWeb - Apr 11 2014]
Nordic Mining’s chairman elected chairman of th... [Published CisionWire - English - Mar 05 2014]
Changes in Endomines management [Published CisionWire - English - Feb 28 2014]
Fact Sheet for Nordic Mining ASA [Published Able2Act - Jul 21 2008]
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Nordic Mining’s chairman elected chairman of th... [Published CisionWire - English - Mar 05 2014]
Tarmo Tuominen (51), chairman of the board of Nordic Mining ASA has been elected chairman of the board of the Geological Survey of Finland (“GTK”). Tuominen has been elected for a period of three years.Tarmo Tuominen is Chief Technology Officer in Nordkalk ...
Changes in Endomines management [Published CisionWire - English - Feb 28 2014]
In light of the decision by the Board of Endomines to refocus the Company’s exploration activities to the Pampalo mine site and its immediate surroundings in addition to other decided cost cutting measures, the Company’s Management announces that Jaakko ...
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