The company today announces that the Nasdaq’s disciplinary committee made the decision to delist the company’s shares. The reason is said to be a number of shortcomings in the management and provision of information to the market. Trade with the company’s shares have been stopped since July 7, 2017.
The board of directors accept the stock exchange’s decision but have differing views about that in a ambition to the company’s problems are about to be solved.
The disciplinary board has decided that the board of directors and the board of directors of Nordic Mines has not met the requirements in paragraphs 2.4.1, 2.4.2 and 2.4.3 of the Nasdaq Stockholm’s rule book for issuers.
A detailed description of the case and the disciplinary board’s decision is available at:
For further information, please contact:
Torbjörn Bygdén Företagsekreterare and Investor Relations
00 46 (0) 70 301 45 46
Lindhagensgatan 94, Box 34212 10026 Stockholm, Sweden
For more information about Nordic Mines, please visit www.nordicmines.com/.
Nordic Mines AB (publ.) Is obliged to publish this information according to the EU regulation on market abuse. The information was submitted for publication, through the agency of the contact person specified above, on 8 september 2017.
Nordic Mines is a nordic mining and exploration companies. Laiva mine in Finland produced gold between 2011 and 2014. The deposit is among the largest in the Nordic region. Nordic Mines is a member of SveMin and applies their reporting rules for public mining and exploration companies. The Nordic Mines share has been subscribed for to trading on Nasdaq Stockholm Small Cap list. For further information, see www.nordicmines.com.
Press release (PFD)
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Source: Nordic Mines AB via Globenewswire