The company today announces that the Nasdaq Disciplinary Board has decided to delist the company's shares. The reason is said to be a number of shortcomings in management and information to the market. Trading with the company's shares has been discontinued since July 7, 2017.
The Board is accepting the stock exchange's decision but has a divergent view that in an ambition that the company's problems are about to be resolved.
The Disciplinary Board has decided that the Board of Directors and the Board of Directors of Nordic Mines have not met the requirements of 2.4.1, 2.4.2 and 2.4.3 of the Nasdaq Stockholms Regulatory Issue.
A detailed description of the case and the Disciplinary Board's decision can be found at:
http://www.nasdaqomx.com/listing/europe/surveillance/stockholm/disciplinarycommittee/decisions/ (http://www.nasdaqomx.com/listing/europe/surveillance/stockholm/disciplinarycommittee/decisions/)
För additional information contact:
Torbjörn Bygdén
Company secreterare och Investor Relations
Torbjorn.Bygden@azets.net (mailto:Torbjorn.Bygden@azets.com)
00 46 (0) 70 301 45 46
Lindhagensgatan 94, box 34212
10026 Stockholm
For more information Nordic Mines, besök www.nordicmines.com/ (http://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 8 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. The Nordic Mines share has been admitted for trading on Nasdaq Stockholm's Small Cap list. For further information, see www.nordicmines.com (http://www.nordicmines.com)
The issuer of this announcement warrants that they are solely responsible for the content, accuracy and originality of the information contained therein.
Source: Nordic Mines AB via Globenewswire
