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Pressrelease 24.9.2018


AGM will get postponed to 25th of October because as per protocols Annual Report should be put on website 2 weeks before an AGM. Since it was a huge challenge to get the correct Annual Report out, we have not been able to put it on website 2 weeks before.



The Board of Directors of Nordic Mines AB (Publ.)


Nordic Mines is a nordic mine- and explorationscompany. Laiva-mine in Finland produced gold between 2011 and 2014. The discovery is among the largest in the Nordic countries. Nordic Mines is a member of in SveMin and applies its reporting rules to public mining- and explorationcompanies and applies its reporting-rules for public mines- and prospectcompanies.





Pressrelease 18.9.2018

Updated notice of Annual General Meeting of Nordic Mines AB (publ.)
The shareholders of Nordic Mines AB (publ.) corporate registration number 556679-1215 are hereby invited to the Annual General Meeting on friday the 28th of September 2018 at 1pm on Mall of Scandinavia, Stjärntorget 2, QuickOffice, in Solna.


Shareholders who wish to participate in the meeting shall:

• be recorded in shareholder register maintained by Euroclear Sweden AB per friday the 21st of September 2018;
• notify their participation no later than Friday the 21st of September 2018.

Notification of attendance can be done per e-mail anmalning@nordicmines.se or post to Nordic Mines AB, c/o iOFFICE 4-040, Råsta Strandvägen 13C, 169 79 Solna, til the 21st of September 2018.


In their notification of attendance, shareholders must state their name, personal identification number or corporate registration number, number of shares, telephone number, e-mail address, any assistants and shareholdings. Proxy forms for shareholders wishing to participate in the Meeting via proxy will be available on the Company’s website www.nordicmines.se. Shareholders represented by proxy are to issue a dated power of attorney for the proxy. If the power of attorney is issued on behalf of a legal entity, a certified copy of a registration certificate or corresponding document for the legal entity is to be appended to the notification of attendance. The power of attorney and registration certificate should be sent to the Company at the aforementioned address well in advance of the Meeting. The power of attorney may not be more than five years old.


Shareholders whose shares are registered with a bank’s custody services department or another nominee must temporarily re-register their shares in their own name with Euroclear Sweden AB to be able participate in the Meeting. Such re-registration must be completed by 21st of September 2018, and the nominee must thus be informed well in advance of this date.



Addendum to the agenda of the Annual General Meeting of Nordic Mines AB (publ)
1. Opening of the meeting.
2.   Election of chairman of the meeting.
3.   Preparation and approval of the voting list.
4.   Election of one or two persons to verify the minutes.
5. Determination of whether the meeting has been duly convened.
6. Approval of agenda.
7. Presentation of the annual accounts as well as the auditor's report.
8.   Resolution on:
determination of the income statement and balance sheet;
discharge from liability of the members of the board of directors and the managing director;
shareholder liability recorded on board of directors of june 2017 annual general meeting.
9. Resolution on the number of board members.
10. Resolution on fees to the board members and auditor.
11. Election of board members and chairman of the board of directors.
12. Election of auditor.
13. Separation of subsidiary Nordic Mines Optioner AB from Nordic Mines AB (publ.)
14. Shareholder voting on 347M SEK write off on account of Nordic Mines OY for FTR
15. Rights Issue.
16. Resolution on liquidation of Nordic Mines AB (publ.)
17. Conversion of shareholder debts to equity.
18. Closing of the meeting.

Item 9-12
Resolution on the number of board members and election of board members, chairman of the board and auditor.
The board suggest following:
board members will be 3;
reelection of the current board;
reelection of the current auditor;

Item 13
The Board of Nordic Mines AB seeks shareholder permission for conducting 1:1 separation of subsidiary Nordic Mines Optioner AB from parent Nordic Mines AB (publ.) in the most cost effective and optimal way with the objective of utilizing Nordic Mines Optioner AB as the distribution vehicle for dividending FTR shares to Nordic Mines AB’s shareholders. The method of such a separation will be highlighted at the AGM.

Item 15
The board of Nordic Mines AB seeks shareholder permission to conduct an unsecured rights issue in the range of USD 1M – USD 2M.

Item 16
The Board of Nordic Mines AB seeks shareholder permission for a voluntary liquidation since the company has become a shell company with no operating assets under it and will be going forward with only accumulative overheads and administrative expenses. The total Assets of the company are greater than the total Liabilities as of going into AGM on the 28th of September 2018. The method of voluntary liquidation will be highlighted at the AGM.


Board of directors of Nordic Mines AB (publ.)

The proxy form is found here .




Pressrelease 24.8.2018

Notice of Annual General Meeting of Nordic Mines AB (publ.)
The shareholders of Nordic Mines AB (publ.) corporate registration number 556679-1215 are hereby invited to the Annual General Meeting on friday the 28th of September 2018 at 1pm on Mall of Scandinavia, Stjärntorget 2 in Solna.


Shareholders who wish to participate in the meeting shall:

• be recorded in shareholder register maintained by Euroclear Sweden AB per friday the 21st of September 2018;
• notify their participation no later than Friday the 21st of September 2018.

Notification of attendance can be done per e-mail anmalning@nordicmines.se or post to Nordic Mines AB, c/o iOFFICE 4-040, Råsta Strandvägen 13C, 169 79 Solna, til the 21st of September 2018.


In their notification of attendance, shareholders must state their name, personal identification number or corporate registration number, telephone number, e-mail address, any assistants and shareholdings. Proxy forms for shareholders wishing to participate in the Meeting via proxy will be available on the Company’s website www.nordicmines.se. Shareholders represented by proxy are to issue a dated power of attorney for the proxy. If the power of attorney is issued on behalf of a legal entity, a certified copy of a registration certificate or corresponding document for the legal entity is to be appended to the notification of attendance. The power of attorney and registration certificate should be sent to the Company at the aforementioned address well in advance of the Meeting. The power of attorney may not be more than five years old.


Shareholders whose shares are registered with a bank’s custody services department or another nominee must temporarily re-register their shares in their own name with Euroclear Sweden AB to be able participate in the Meeting. Such re-registration must be completed by 21st of September 2018, and the nominee must thus be informed well in advance of this date.


Proposed agenda
1. Opening of the meeting.
2.   Election of chairman of the meeting.
3.   Preparation and approval of the voting list.
4.   Election of one or two persons to verify the minutes.
5. Determination of whether the meeting has been duly convened.
6. Approval of agenda.
7. Presentation of the annual accounts as well as the auditor's report.
8.   Resolution on: determination of the income statement and balance sheet; discharge from liability of the members of the board of directors and the managing director; shareholder liability recorded on board of directors of june 2017.
9. Resolution on the number of board members
10. Resolution on fees to the board members and auditor.
11. Election of board members and chairman of the board of directors.
12. Election of auditor.
13. Separation of subsidiary Nordic Mines Optioner AB from Nordic Mines AB (publ.)
14. Rights Issue.
15. Resolution on liquidation of Nordic Mines AB (publ.)
16. Conversion of shareholder debts to equity.
17. Closing of the meeting.


Item 9-12
Resolution on the number of board members and election of board members, chairman of the board and auditor.
The board suggest following: board members will be 3; reelection of the current board; reelection of the current auditor;

Item 13
The Board of Nordic Mines AB seeks shareholder permission for conducting 1:1 separation of subsidiary Nordic Mines Optioner AB from parent Nordic Mines AB (publ.) in the most cost effective and optimal way with the objective of utilizing Nordic Mines Optioner AB as the distribution vehicle for dividending FTR shares to Nordic Mines AB’s shareholders. The method of such a separation will be highlighted at the AGM.

Item 14
The board of Nordic Mines AB seeks shareholder permission to conduct an unsecured rights issue in the range of USD 1M – USD 2M.

Item 15
The Board of Nordic Mines AB seeks shareholder permission for a voluntary liquidation since the company has become a shell company with no operating assets under it and will be going forward with only accumulative overheads and administrative expenses. The total Assets of the company are greater than the total Liabilities as of going into AGM on the 28th of September 2018. The method of voluntary liquidation will be highlighted at the AGM.



Annual report with audit report will be available on the company's website www.nordicmines.seto save on costs for the company and the environment, no later than Friday, 21st of September, 2018. Shareholders who prefer to receive it by mail may send a physical letter including stamps to Nordic Mines AB, c/o iOFFICE 4-040, Råsta strandvägen 13C, 169 79 Solna and state their postal address by post. The documents will also be available at the Annual General Meeting.



Board of directors of Nordic Mines AB (publ.)





Pressrelease17.08.2018

The AGM for 2017 is rescheduled until the 28th of September. Detailed Agenda and standard protocols for shareholder registration and participation will be put on the website by Monday.


The Board of Directors of Nordic Mines AB (Publ.)


Nordic Mines is a nordic mine- and explorationscompany. Laiva-mine in Finland produced gold between 2011 and 2014. The discovery is among the largest in the Nordic countries. Nordic Mines is a member of in SveMin and applies its reporting rules to public mining- and explorationcompanies and applies its reporting-rules for public mines- and prospectcompanies.





Pressrelease 14.07.2018

Upon the board’s reply to the tax agency’s notice of SEK 9,34M, Skatteverket has reverted back to granting deferral of taxation and keeping the liability frozen until further notice.


The Board of Directors of Nordic Mines AB (Publ.)




Nordic Mines is a nordic mine- and explorationscompany. Laiva-mine in Finland produced gold between 2011 and 2014. The discovery is among the largest in the Nordic countries. Nordic Mines is a member of in SveMin and applies its reporting rules to public mining- and explorationcompanies and applies its reporting-rules for public mines- and prospectcompanies.





Pressrelease 20.06.2018


Fact 1
1. The proforma un-audited financials as of 30th May 2018 stands at Total Equity of SEK 51M and Total Liability of SEK 11,6M. Of the SEK 11,6M, SEK 9,3M is towards Tax Agency debt and SEK 2,3M are towards supplier debts.

1A. Please note SEK 9,3M of tax debts is historical due of financial year 2014-15. It is today contingent, as it has been countered with an argument from our side. Chances of debt relief are extremely minimal.

Fact 2
2. Dividending FTR shares to Nordic Mines AB [Publ.] shareholders via Nordic Mines AB [Publ.] is no longer a legal option. Doing so would require amendments in the Articles of association and the earliest one can dividend out FTR shares, post executing amendments in the Articles of association, will be around June 2019 [AGM of 2018].

Fact 3
2A. The option on the table indeed is to dividend the shares out of Nordic Mines Optioner AB, a 100% owned subsidiary of Nordic Mines AB [Publ.], post outstanding debt clearance in Nordic Mines AB [Publ.] and post necessary shareholder approvals are taken as it would require Nordic Mines Optioner AB to be 1:1 spun-off from Nordic Mines AB [Publ.]. At this stage Shareholders will own 100% of Nordic Mines AB [Publ.] and 100% of Nordic Mines Optioner AB. Danske Securities and Euroclear would be used to distribute shares to Nordic Mines AB [Publ.] shareholders.

Fact 4
Voluntary Liquidation of Nordic Mines AB [Publ.] subject to shareholder approval.


The Board of Directors of Nordic Mines AB (Publ.)





Pressrelease 20.06.2018

The board has decided to cancel the AGM, to be held on the 29th of June, as there has been a delay in the transferring of FTR shares to Danske Securities, the custodian trustee of Nordic Mines AB. The revised date will be announced shortly after having clear commitments from FTR and the transfer agent Computershare.


The Board of Directors of Nordic Mines AB (Publ.)





Pressrelease 14.06.2018

Board of Nordic Mines AB would wish to inform that all necessary legal requirements have been executed with FTR Trustees in order for the shares to be in the company's account. Danske Bank official brokers and registered custodians of FTR shares for Nordic Mines AB have informed the company that by tentatively Tuesday - the 19th June 2018, FTR shares will officially be registered with Danske Bank Securities.


The Board of Directors of Nordic Mines AB (Publ.)





Pressrelease 30.5.2018

Notice of Annual General Meeting of Nordic Mines AB (publ.)

The shareholders of Nordic Mines AB (publ.) corporate registration number 556679-1215 are hereby invited to the Annual General Meeting on friday the 29th of June 2018 at 1pm in Mall of Scandinavia; iOffice (Level 1, next to Tesla); Stjärntorget 2; Solna.

Shareholders who wish to participate in the meeting shall:
• be recorded in shareholder register maintained by Euroclear Sweden AB per friday the 22nd of june 2018;
• notify their participation no later than Friday the 22nd june 2018.
Notification of attendance can be done per e-mail anmalning(at)nordicmines.se or post to Nordic Mines AB, c/o iOFFICE 4-040, Råsta Strandvägen 13C, 169 79 Solna, til the 22nd of june 2018.

In their notification of attendance, shareholders must state their name, personal identification number or corporate registration number, number of shares, telephone number, e-mail address, any assistants and shareholdings. Proxy forms for shareholders wishing to participate in the Meeting via proxy will be available on the Company’s website www.nordicmines.se. Shareholders represented by proxy are to issue a dated power of attorney for the proxy. If the power of attorney is issued on behalf of a legal entity, a certified copy of a registration certificate or corresponding document for the legal entity is to be appended to the notification of attendance. The power of attorney and registration certificate should be sent to the Company at the aforementioned address well in advance of the Meeting. The power of attorney may not be more than five years old.

Shareholders whose shares are registered with a bank’s custody services department or another nominee must temporarily re-register their shares in their own name with Euroclear Sweden AB to be able participate in the Meeting. Such re-registration must be completed by 22nd June 2018, and the nominee must thus be informed well in advance of this date.


Proposed agenda
1.   Opening of the meeting.
2.   Election of chairman of the meeting.
3.   Preparation and approval of the voting list.
4.   Election of one or two persons to verify the minutes.
5.   Determination of whether the meeting has been duly convened
6.   Approval of agenda.
7.   Presentation of the annual accounts as well as the auditor's report.
8.   Resolution on:
a) determination of the income statement and balance sheet;
b) discharge from liability of the members of the board of directors and the managing director.
9.   Resolution on the number of board members.
10. Resolution on fees to the board members and auditor.
11. Election of board members and chairman of the board of directors.
12. Election of auditor.
13. Separation of subsidiary Nordic Mines Optioner AB from Nordic Mines AB (publ.)
14. Rights Issue
15. Resolution on liquidation of Nordic Mines AB (publ.)
16. Closing of the meeting.

Item 9-12
Resolution on the number of board members and election of board members, chairman of the board and auditor.
The board suggest following:
board members will be 3;
reelection of the current board;
reelection of the current auditor;

Item 13
The Board of Nordic Mines AB seeks shareholder permission for conducting 1:1 separation of subsidiary Nordic Mines Optioner AB from parent Nordic Mines AB (publ.) in the most cost effective and optimal way with the objective of utilizing Nordic Mines Optioner AB as the distribution vehicle for dividending FTR shares to Nordic Mines AB’s shareholders. The method of such a separation will be highlighted at the AGM.

Item 14
The board of Nordic Mines AB seeks shareholder permission to conduct an unsecured rights issue in the range of USD 1M – USD 2M.

Item 15
The Board of Nordic Mines AB seeks shareholder permission for a voluntary liquidation since the company has become a shell company with no operating assets under it and will be going forward with only accumulative overheads and administrative expenses. The total Assets of the company are greater than the total Liabilities as of going into AGM on the 29th of june 2018. The method of voluntary liquidation will be highlighted at the AGM.

Annual report with audit report will be available on the company's website www.nordicmines.se to save on costs for the company and the environment, no later than Friday, June 22, 2018. Shareholders who prefer to receive it by mail may send a physical letter to Nordic Mines AB, c/o iOFFICE 4-040, Råsta strandvägen 13C, 169 79 Solna and state their postal address by post. The documents will also be available at the Annual General Meeting.


Board of directors of Nordic Mines AB (publ.)

The proxy form is found here.




Pressrelease 23.05.2018

Nordic Mines AB has incurred a tax liability of 9,3M SEK for the year 2014-15. The accountants will try to argue this with Tax government of Sweden. FTR has been kept informed about this. Since tax liability is registered in pre FTR closing period but recorded post FTR closing period, the board has requested FTR to look into this. Importantly AGM in 2017 had passed the resolution of amendment to shareholder capital in the Articles of Association. However the resolution, through human error, did not reach Bolagsverket in time. This means FTR shares cannot be dividended at the AGM in 2018. The board will try to come up with an alternative legal structure to distribute the shares in consultation with FTR and the previous Board.



The Board of Directors of Nordic Mines AB (Publ.)



Pressrelease 16.05.2018

Process of guarantee and digitization starts after lock-in period expires on the 6th June 2018.

So on or before the 6th June, Nordic Mines AB’s Board will have to submit to the transfer agent (Computershare) the duly filled application forms, provided to Nordic Mines AB, including the physical share certificate in Danske Bank’s possession.

The transfer agent will, upon receiving Nordic Mines AB’s application documents, in coordination with the escrow agent of FTR and FTR, start the guarantee and digitization process.

Post guarantee and digitization process is executed by Transfer Agent and FTR, the electronic shares will be deposited in Nordic Mines AB’s brokerage account at Danske Bank.

The Asset value of FTR shares will be registered in Nordic Mines AB’s books only after lock-in period expires on the 6th June 2018.


Board will keep shareholders informed.

The Board of Directors of Nordic Mines AB (Publ.)




Pressrelease  14.05.2018

Nordic Mines AB has received share certificate of 58 Million FTR shares . The share certificate has been delivered to Danske Bank brokerage. The shares are locked until 6th of June 2018. From the 6th of June 2018 onwards, Danske Bank brokerage will coordinate with the Escrow and Transfer Agent of FTR to convert the certificate to 58 Million digital shares for the purpose of distribution to Nordic Mines AB shareholders.


The process of digitization is estimated to take 7 working days. The board will keep shareholders informed.


Board of Directors of Nordic Mines (Publ.) AB




Pressrelease 11.04.2018


Board of Nordic Mines AB has had discussions with Firesteel Resources [FTR] in relation to closing agreements entered into by the erstwhile board of Nordic Mines AB and FTR. What is available on the table today as on 11th of April 2018 are 58M FTR share certificates which are not freely tradable, thus cannot be bought and sold in TSX. Shares in the form of certificates thus do not constitute exit value as what it is supposed to be if closing agreements are to be valid. 

In addition to the above, the Extraordinary General Meeting [EGM] of Shareholders on the 19th of February 2018 voted down Amendments to the Original Joint Venture-agreement passed at the EGM of Shareholders on the 8th of September 2017.

One of the most critical amendments to the original JV agreement was the tacit agreement by the old board and FTR to agree to a fair exit value calculation of USD 4,5M worth FTR shares [58M FTR shares at CAD 0,10 per share] for 40% Nordic Mines AB shareholding buyout in the JV. Whereas registered transaction value, post adding money, between buyer and seller for 40% NOMI shareholding is USD 18M.

The current board observes the voting down of the Amendments as a voting down to agree to a calculation made by the Old Board and FTR towards estimating 40% minority interest exit value at USD 4,5M when it should be fairly valued at USD 18M.

Moreover the Board has observed that these 58M FTR shares are today not freely tradable and would be freely tradable in the first week of June 2018.

Furthermore it observes that the Old Board [Krister Söderholm] towards second week of February 2018, just before the new board change could happen, tacitly entered into yet another new agreement with FTR to block 58M FTR exit value shares for 3 Years. This is without due protocols followed towards obtaining shareholder approvals. No minimum guarantee or a clear defintition has been put forth on what the exit value of 58M shares would be after 3 years. A Joint Venture Structure cannot be dissolved without precisely defining the exit value for Nordic Mines AB shareholders.

So the board has communicated to FTR that the board would be in receipt of 58M tradable shares as exit value shares only in the month of June 2018 and when FTR has a precise definition on the exact exit value for Nordic Mines AB shareholders. If FTR sticks to an exit value of USD 4,5M on the measurement date, then Board will call for an EGM for a shareholder’s approval on it.

Proforma Assets and Debts.

Since 58M FTR shares are already recorded as a part of legal commitment on FTR’s side to consummate the closing agreement, which has been consummated from Nordic Mines AB end by delivering 60% of Nordic Mines Marknad AB, the shares from an accounting and reporting perspective not withstanding what has been mentioned above, have already entered the balancesheet of Nordic Mines AB.

Additionally miscellaneous fixed assets like residential apartment at Oulu and some small current assets will be included to the total assets. The board believes, going by current market value of FTR shares, the total assets of Nordic Mines AB [Publ] would be valued in the range of USD 4,75M.

If Nordic Mines AB shareholders simply stick to their 40% holding in Nordic Mines Marknad AB, ignoring 58M FTR shares, the assetvalue would be around USD 18M.
The debt side of the balancesheet, as per debt register received from Torbjörn Bygdén & contingency liabilities as allocated by the board, stands in the range of EUR 0,8M.

Around USD 450.000 of Evli Bank debt, pertaining to a mandate signed by the board that resigned in 2017, has been totally rejected by the former board that resigned in 2018. The debt was considered to be cosmetic, inflated and an exaggerated one without any work done on the mandate. The decision has been carried forward on advice of the former board and disputed by the current board as well.

Considering the asset value and the debt value reconciled , there is absolutely zero possibility of a bankruptcy case. This assumes the scenario that FTR will deliver its part of the commitment towards 58M tradable shares having real time market value to Nordic Mines AB in June 2018 and that this exit value is agreed upon by NOMI shareholders. And if not, Nordic Mines AB shareholders would continue the holding of their 40% in Marknad AB, the value of which is recorded as USD 18M. 40% Nordic Mines Marknad AB can be privately sold or Nordic Mines AB can be freshly listed at USD 18M.

There is an option of borrowing from FTR against shares of FTR. The board feels this is a forced situation arising out of FTR not delivering 58M freely tradable shares in time [90 days post financial closing]. The board feels there are better and more efficient options available if FTR as per its commitment delivers 58M freely tradable shares in time.

Board of Nordic Mines AB, amongst other options available, is actively considering the possibility of conducting a rights issue of USD 4M as it was long pending and disallowed by 2 successive boards and it feels the shareholders should be provided with a fair opportunity to get their value back which has been hopelessly distressed out by the proceedings with FTR.

The board will be calling for an immediate shareholder meeting, to place on the table issues discussed in this announcement and available funding options. This includes the above mentioned rights issue, in order to settle existing debts and providing the company with sufficient capital on its way forward.



Pressrelease 15.02.2018

Changes to the agenda at the extraordinary general meeting of Nordic Mines AB (publ)

The Board of Directors decides to withdraw proposals for the change of name and option for summon of meeting (paragraphs 8 and 9) as well as clarification regarding new auditor elections (item 7).

Draft agenda
1. Opening of the meeting
2. Election of chairman of the meeting, election of secretary
3. Establishment and approval of voting rights
4. Election of one or two adjudicators
5. Examination if the meeting has been convened
6. Approval of agenda
7. Replacement of the auditor according to the Board's proposal to Finnhammar Revisionsbyrå. Helena Arvidsson, KMPG Revisionsbyrå AB, has chosen her own resignation from assignment. Finnhammar's Audit Office makes available Håkan Fjelner, Authorized Public Accountant.
8. Change of name whereby "(publ)" is removed according to the Board's proposal
9. Amendments to the Articles of Association with regard to the absence of suits are referred to as "Postal and domestic newspapers" as proposed by the Board
10. The AGM's decision on proposals from the Board to make its seats available. The current entire board makes their seats available. Has received proposals for new members, Pranay Panda, Håkan Gustafsson and Henrik Hilmand.
11. Closure of the meeting



Pressrelease 11.02.2018

Nordic Mines AB Board informs about the conditions of Firesteel Resouces (FTR) acquisition of the remaining 40 percent of the shares in Joint Venture (JV)

As previously announced and in accordance with the resolution, the deal with FTR's purchase of remaining shares in JV is due to end at the end of January / February. The Board hereby wishes to disclose the terms of shares received by Nordic Mines (here NOMI) in FTR.

A. FTR has a number of outstanding shares totaling 87,625,773
B. Weighted share price in the last 5 days (as of 13.12.2017) is CAD 0.0966
C. According to the JV agreement, the calculation of fair value shall be calculated using the following formula

Market Cap / 60 * 40

a. Where Market Cap equals weighted share price (CAD 0.0966) multiplied by number of outstanding shares (87,625,773)
b. Through the above calculation, referring to clause 3.5 of the JV agreement, NOMI's share is worth 5,643,100, giving 58,417,182 shares.

D. FTR will therefore issue 58,417,182 shares to acquire the remaining 40 percent of the shareholding in Nordic Mines Marknad AB.
E. Under agreed terms, the shares Nomi will be locked from trading until 8 December 2020, and the company shall be loyal to the FTR in voting terms. Two exceptions;  the company can sell 300,000 shares in order to handle the liquidity situation and, secondly, the shares can (and shall) be distributed to Nomi's shareholders.
F. NOMI will then distribute the shares to its existing shareholders in proportion to the number of shares the shareholders have in the company. A number of liabilities remain which the company needs to regulate. Therefore, the abovementioned number of shares will decrease slightly to handle accounts payable and other expenses and make the company debt free.
G. NOMI has also agreed not to vote against FTR's interest over a period of three years

Below excerpts from agreements between FTR and Nomi.




Pressrelease 26.01.2018

The Board informs about the agreement (JV) with Firesteel (FTR)

The Board has been contacted by some shareholders who have questions about the JV agreement and valuation of Nordic Mines AB's shares in connection with FTR's acquisition.
   
The agreement between the company and FTR is legally binding. The terms of the acquisition have been communicated on a number of occasions prior to the acquisition, by EGM and by and post acquisition. In Swedish and international law, nothing is as strong as the principle that "agreements are to be held". If the company would intend to breach the agreement, it is termed that such a breach of contract is associated with serious legal implications for the company.

In order to dispel any doubts, the board wishes to clarify that it has not taken a single decision that violates the content of the JV agreement. On the contrary, the contract has been managed as expected in terms of good business practice.

Regarding the question on rights issues, the Board has estimated that it would be associated with high risks of costs that the company could not pay for a non-successful issue. Thus, the company incurred expenses in the order of 5 mSEK, which the Board considered to be a risk that was not consistent with good management of the company's funds and honest management of relationships with suppliers and partners.

Another issue that concerns some, is the valuation of the shares that the company's shareholders will receive in FTR. To investigate the market value of FTR of today is one that can be done with simplicity. The market value is recorded with all possible information, including the acquisition of Laiva's operations. This means that the value of the company is "right" given that the market takes in all the necessary information to put a value such as opportunities for success but also the risk of failure. Mathematically, Nordic Mines AB has 40 percent of its value today, which will yield about 58 million shares. The company thus receives more shares than at a theoretically higher valuation and thus and hopefully can contribute to a value growth when the mine goes into production.

Board of Nordic Mines (publ) AB



Summon to extra ordinary shareholder meeting in Nordic Mines AB (publ)

The shareholders of Nordic Mines AB (publ), Company Registration Number 556679-1215 ("The Company") are invited to attend the Extraordinary General Meeting on Monday 19 February 2018 at. 13.30 at Azets Insight AB's office, Lindhagensgatan 94, Stockholm.

Right to attend the meeting
Shareholders who wish to attend the meeting must be included in the share register kept by Euroclear Sweden AB on Monday, 12 February 2018, and no later than 16 February 2018, 15 o’clock, register their participation with the Company either at:
Nordic Mines AB (publ)
c/o Azets Insight AB Att.
Torbjörn Bygdén
Box 34212, 100 26 Stockholm
or by e-mail to torbjorn.bygden@azets.com.

Upon notification, the shareholder must name, person or organization number, address, telephone number, e-mail address, possible assistants and information about shareholdings. A power of attorney form for shareholders wishing to attend the meeting through agents will be available on the company's website www.nordicmines.com. Shareholders represented by representatives shall issue a day-to-day proxy for the representative. If a power of attorney is issued by a legal person, a copy of the registration certificate or equivalent of the legal person must be attached. Proxy and registration certificate should be sent by letter to the Company in good time before the Meeting at the above address. The power of attorney must not be older than five years.

Shareholders who have their shares registered by banks' affiliates department or other trustees must temporarily register the shares in their own name with Euroclear Sweden AB in order to participate in the meeting. Such registration must be completed by 12 December 2017 and the administrator should thus be notified in advance before the said date.

Draft agenda
1. Opening of the meeting
2. Election of chairman of the meeting, election of secretary
3. Establishment and approval of voting rights
4. Election of one or two adjudicators
5. Examination if the meeting has been convened
6. Approval of agenda
7. Replacement of the auditor according to the Board's proposal to Finnhammar Revisionsbyrå
8. Change of name whereby "(publ)" is removed according to the Board's proposal
9. Amendments to the Articles of Association with regard to the absence of suits are referred to as "Postal and domestic newspapers" as proposed by the Board
10. The AGM's decision on proposals from the Board to make its seats available. The current entire board makes their seats available. Has received proposals for new members, Pranay Panda, Håkan Gustafsson and Henrik Hilmand.
11. Closure of the meeting

För additional information contact:
Torbjörn Bygdén
00 46 (0) 70 301 45 46
Lindhagensgatan 94
Box 34212, 10026 Stockholm
torbjorn.bygden@azets.com

For more information Nordic Mines visit www.nordicmines.com

Nordic Mines is a Nordic mining and exploration company. The 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 its reporting regulations for public mining and exploration companies.



Pressrelease 02.01.2018

Feedback from shareholders meeting 2017-12-21

Extra general meeting scheduled for the above date were cancelled by shareholders with proxies representing 76% of the shares represented at the meeting. The reason was said to be a problem with the voting list of the meeting.

Shareholders who initiated the extraordinary meeting have assumed responsibility to call a new meeting, which may take place in 4 weeks at earliest.

We get a lot of questions about stock trading. This can be regained when Firesteel (FTR) buys the remaining shares of Nordic Mines shareholders. Payment is made in the form of shares in FTR. If everything goes according to plans, such a change may take place at the end of January, according to information.



Pressrelease 12.12.2017

In 2017 the Nordic Mines Group became a very eventful year. In an economically tight situation, various options were under way to survive as a company and with the aim of resuming gold production in the Laiva mine in Brahestad, Finland.
Of the various options, the parent company board considered that it is best to enter into partnership with Canadian Firesteel Resources Inc (FTR). The intention was to launch a joint venture / joint venture project through the subsidiary, Nordic Mines Marknad, with the aim of resuming gold production. The shareholders of Nordic Mines AB, including the principal owner Lau Tsu Holding, approved the deal at an extraordinary meeting on September 8, 2017.
Nordic Mines AB's board informs that the process is almost complete;
The necessary documents have been approved by all interested parties, including the largest owner Lau Tsu, and FTR transfers the agreed amounts to selected accounts, with the aim of restoring gold production in Finland. This enables simultaneous payment of debts and completion of the reconstruction of the Finnish subsidiary. Under the agreement, FTR, when the company's ownership of Nordic Mines Market reaches 60%, buy out the remaining part of the Nordic Mines Market Company, where the assets are primarily included, by existing shareholders.

In the final stages of the negotiations, a change was made; After FTR has acquired 60% ownership of Nordic Mines Marknad AB, existing shareholders in former listed Swedish companies will receive compensation in the form of shares in Toronto listed stock exchange . The board and management of Nordic Mines AB considers this to be a good solution; Nordic Mines, including the gold ore and facilities, are now the most important assets of the FTR, and since the company is already listed in Toronto, trading in the FTR share can continue, now including the assets of Nordic Mines.

In connection with the completion of this business, some other changes will also take place, which will be announced later and at the announced extraordinary meeting on December 21, 2017 in Stockholm. All Nordic Mines former subsidiaries are no longer needed, the organizations are reviewed and the composition of the boards changed so that they correspond to the ownership of the different companies



Pressrelease 21.11.2017

Summon to extra ordinary shareholder meeting in Nordic Mines AB (publ)

The shareholders of Nordic Mines AB (publ), Company Registration Number 556679-1215 ("The Company") are invited to attend the Extraordinary General Meeting on Thursday 21 December 2017 at. 13.30 at Azets Insight AB's office, Lindhagensgatan 94, Stockholm.

Right to attend the meeting
Shareholders who wish to attend the meeting must be included in the share register kept by Euroclear Sweden AB on Thursday, 14 December 2017, and no later than 19 December 2017, preferably no later than 19 December 2017. 15, register their participation with the Company either at:
Nordic Mines AB (publ)
c/o Azets Insight AB Att.
Torbjörn Bygdén
Box 34212, 100 26 Stockholm
+46 70 301 4546
or by e-mail to torbjorn.bygden@azets.com

Upon notification, the shareholder must name, person or organization number, address, telephone number, e-mail address, possible assistants and information about shareholdings. A power of attorney form for shareholders wishing to attend the meeting through agents will be available on the company's website www.nordicmines.com. Shareholders represented by representatives shall issue a day-to-day proxy for the representative. If a power of attorney is issued by a legal person, a copy of the registration certificate or equivalent of the legal person must be attached. Proxy and registration certificate should be sent by letter to the Company in good time before the Meeting at the above address. The power of attorney must not be older than five years.

Shareholders who have their shares registered by banks' affiliates department or other trustees must temporarily register the shares in their own name with Euroclear Sweden AB in order to participate in the meeting. Such registration must be completed by 19 December 2017 and the administrator should thus be notified in advance before the said date.

Notification of other questions can be handled within the framework of the extra session, provided that they are notified by 30 November 2017.

Draft agenda
1. Opening of the meeting
2. Election of chairman of the meeting, election of secretary
3. Establishment and approval of voting rights
4. Election of one or two adjudicators
5. Examination if the meeting has been convened
6. Approval of agenda
7. Replacement of the auditor according to the Board's proposal to Finnhammar Revisionsbyrå
8. Change of name whereby "(publ)" is removed according to the Board's proposal
9. Amendments to the Articles of Association with regard to the absence of suits are referred to as "Postal and domestic newspapers" as proposed by the Board
10. The AGM's decision on proposals from the Board to make its seats available. The current entire board makes their seats available. Has received proposals for new members, Anneli Önneby, Håkan Gustafsson and Henrik Hilmand.
11. Closure of the meeting

For additional information contact:
Torbjörn Bygdén

Torbjorn.Bygden@azets.com
00 46 (0) 70 301 45 46
Lindhagensgatan 94, Box 34212
10026 Stockholm

For more information Nordic Mines, visit www.nordicmines.se

Nordic Mines is a Nordic mining and exploration company. The 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 its reporting regulations for public mining and exploration companies.



Pressrelease 14.11.2017

Summary of Nordic Mines AB's situation

On 30 June, the AGM made decision on a rights issue, which was suspended due to the Board's uncertainty regarding projected success. In an extraordinary meeting convened on September 8, 2017, it was resolved to implement a joint venture with Firesteel Resources (FTR) and supported by Lau Su Holding.

With the extraordinary general meeting's decision in the background, the Board has since been working to keep bankruptcy away, which has meant:

1. Reduce the liabilities of Nordic Mines AB through negotiations with creditors and to secure a loan from FTR of approximately 3.3 million SEK.

2. Communicate with the reconstruction lawyers in Finland regarding the approval of the plans for a major investment, large enough to cover the debts in, in particular, Nordic Mines Oy.

3. Initiate sales of the assets In Finland belonging to Nordic Mines AB, including a property in the Laiva area, two drilling rigs. This is to strengthen the cash register and keep bank-ruptcy at a distance.

The construction of the agreement with FTR, in particular the repayment of FTR's loans to Pandion, proved incompatible with Swedish accounting law and the agreement was therefore required to be amended. In this context, FTR would increase its first investment from CAD 17 mil to CAD 21 million, thus gaining 60% Nordic Mines earlier than first agreed.

This money should be used to:
1. Pay debts to feed owners in Finland;
2. Repay loans to Lau Su Holding, Lau Tzu Investment and Jade Global, totaling 2 million USD
3. Payment of expenses Nordic Mines AB had for subsidiaries, which shall agreement is covered by FTR
4. Remaining for hiring staff, purchasing equipment and generally preparing the mine for production.

FTR will buy the remaining 40% within 3 months after the first payment is made. Payment to Nordic Mines shareholders is in the form of 40% of FTR's shares.

It should be pointed out that these adjustments to the agreement were made after first receiving acknowledgement from our majority shareholder. The Board thus had only two alternatives, an agreement with FTR or bankruptcy.

The increase in value The FTR share has so far been very good, and can be expected to be significantly higher once production starts.

In order to give the new board maximum time and effort, we propose that the old board make its seats available and also open up for broadening of the board. At least the company must have three board members.

Board of Nordic Mines AB

Nordic Mines is a Nordic mining and exploration company. The 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 its reporting regulations for public mining and exploration companies.



Pressrelease 06.11.2017

Message from CEO

I have after careful consideration decided to resign from my CEO position at Nordic Mines AB, in order to help the process to find the best solution for the shareholders. The board, Pranay Panda and FTR will reach a good solution together.



Pressrelease 06.10.2017

The Board's update of the position and considerations made by the Board

The Board's first priority has been to avoid bankruptcy. The loan issued by Firesteel Resources (FTR) means that the immediate threat is now eliminated. Secondly, it has been to crystallize how the company will function as Nordic Mines AB becomes a holding company under the Joint Venture (JV) agreement concluded with FTR. Last but not least, on the Board's agenda, it has been important to obtain guarantees that shareholders can anticipate a listing on an appropriate stock exchange.

In our efforts to avoid bankruptcy, we have offered our suppliers to pay a portion of the debt and thus a 75% impairment of their claims.

The loan we received from FTR of 500k CAD (3,250,000) and runs with: LIBOR + 5% (approximately 7%). The company has managed to negotiate a lower interest rate which was initially set at 12%.

To act as a holding company without recurrent income means we must ensure that costs are minimized. Dividend from JV cannot anticipated in quite some time. This means that we need to review more cost effective solutions for website, accounting, auditing etc. All of these will be renegotiated or discontinued. The Board and CEO work today without compensation.

Returning to the issue of listing of the company on a renowned stock exchange, we have managed to obtain a written letter of intent by FTR for listing on the Toronto Stock Exchange TSX. This process is now under preparation and the next step can begin as soon as JV has formed up.

The value of Nordic Mines part in the event that FTR would use the right to purchase the entire Nordic Mines would in earlier agreements be fair mark value. Since FTR has now in writing promised to list the new company, and that text has been changed to "equity value".

There are some remaining issues to be dealt with in Nordic Mines OY, which is under Finnish reconstruction under the law firm Krogerus. Krogerus has the task of approving all investments in the company. Thus, there are far-reaching requirements for investment plans that must be approved. Krogerus has expressed his satisfaction that FTR enters the business.

For additional information contact:
Claes Jansson
Managing Director, Company secreterare och Investor Relations
claesjansson7@gmail.com 

Nordic Mines is a Nordic mining and exploration company. The 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 its reporting regulations for public mining and exploration companies.



Pressrelease 21.09.2017 

The Board informs about continuous work. 

At recent EGM on September 8, a large majority decided that a Joint Venture (JV) with Firesteel Resourses was to be closed as soon as possible. Details of the agreement can be found in previous press releases.

At the meeting, Hans Andreasson and Torsten Börjemalm resigned from the board and Fred Boman and Claes Jansson were elected.

After intensive work on both sides of the Atlantic, all signatures are now in place. JV Agreement as well as Management Service Agreement and also an agreement governing the repayment of loans to Lau Su, Lau Tzu and Jade Global.

Nordic mines AB will receive a loan from Firesteel to be able to maintain payment of salaries, taxes and suppliers. Firesteel has committed 500,000 CAD to "keep the light on" in Nordic Mines until our part JV generates revenue. Negotiations with our creditors are also ongoing on debt write-downs, in order to avoid bankruptcy.

The Board has also been in contact with Mangold Fund Commission to investigate the opportunities of listing and thereby be able to trade with Nomi shares.

In addition, the Board has decided to appoint Board member Claes Jansson as new CEO of Nordic Mines AB, which complies with the requirements of the regulations. Claes has agreed not to take any compensation from the company as long as the financial difficulties prevails.

If you have questions or comments, please contact Claes at nordicclaes@gmail.com

We will continuously provide information on developments on this website

For additional information contact:
Torbjörn Bygdén
Company Secreterare and Investor Relations
torbjorn.bygden@azets.net
+46 (0) 70 301 45 46
Lindhagensgatan 94, Box 34212 10026
Stockholm

Nordic Mines AB (publ.) is obliged to make this information public pursuant to the EU Market Abuse Regulation. The information was submitted for publication, through the agency of the contact person set out above, at 21 September 2017.
Nordic Mines is a Nordic mining and exploration company. The 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 its reporting regulations for public mining and exploration companies.



Pressrelease 13.09.2017

Nordic Mines AB Extraordinary General Meeting 8 September 2017

At the Annual General Meeting, proposals from Firesteel Resources Ltd and proposals from Lau Su Holding AB were presented and decided upon. At the meeting, Lau Su withdrew its proposal and the AGM resolved to approve proposals as Board and Firesteel have prepared in the form of Joint Venture in Nordic Mines Marknad AB. Nordic Mines has previously informed about the deal in detail, which can also be found such as press releases.

Firesteel intends to invest the corresponding CAD 20m in the business and to finance Nordic Mines AB with loans until Laiva's activities begin to generate own funds that will flow to Nordic Mines AB.

There is no decision about and when the share is to be noted again. There are a number of options that the board can take into consideration in the ongoing work.

The AGM also decided to approve the resignation application for Board members Hans Andreasson and Torsten Börjemalm. New members of board, Fred Boman and Clas Jansson were elected.

For additional information contact:

Torbjörn Bygdén
Company Secreterare and Investor Relations torbjorn.bygden@azets.net
+46 (0) 70 301 45 46
Lindhagensgatan 94, Box 34212 10026
Stockholm

For more information Nordic Mines, besök www.nordicmines.com/.

Nordic Mines AB (publ.) is obliged to make this information public pursuant to the EU Market Abuse Regulation. The information was submitted for publication, through the agency of the contact person set out above, at 14 September 2017.

Nordic Mines is a Nordic mining and exploration company. The 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 its reporting regulations for public mining and exploration companies.










Nordic Mines AB (Publ)