Arctic Minerals AB (publ) has completed a directed share issue of MSEK 15

Arctic Minerals AB (publ) ("Arctic" or the "Company") hereby announces that they have carried out a directed issue of not more than 25,000,000 shares, corresponding to approximately 27.4 percent of the share capital in the Company, to a limited group of previously informed investors (the "Directed Issue"). The shares will be paid in cash and the subscription price in the Directed Issue was determined to SEK 0.60 per share. The Directed Issue will give the Company gross proceeds of MSEK 15 before costs for the directed share issue.

This press release may not be published or distributed, directly or indirectly, in, or to, Australia, Hong Kong, Japan, Canada, New Zeeland, Singapore, South Africa or the USA, or any other country where such measure is wholly or partially subject to legal restrictions. The information in this press release may not be forwarded, reproduced or displayed in a way that is contrary to such restrictions. The omission to abide by this instruction may constitute an offence against the United States Securities Act 1933 or applicable laws in other jurisdictions. For more information, please refer to "Important information" in this press release.

The Board of Directors of Arctic has, based on the issue authorization granted by the annual general meeting held on 28 May 2019 and after a completed book building procedure, resolved on a directed issue of a maximum of 25,000,000 shares at a subscription price of SEK 0.60 per share, giving the Company gross proceeds of MSEK 15. The subscription price has been determined through an accelerated book building procedure directed to investors and is therefore, deemed to correspond to the market price for the share with a deduction of a market-based discount. The Board of Directors has hence ensured the fair market subscription price.

The Directed Issue is directed to certain institutional investors and to a limited number of qualified private investors, amongst others, Jan Lindahl, Ekdahls Kontorsservice AB, Tord Cederlund, Hemo Spray och Pump AB, through Gunnar Wedfelt and Claes-Göran Carlsson. About 50 percent of the issued shares were subscribed by previous shareholders of the Company (Longbow Resources Limited and M. Elsasser Vermögensverwaltung Wealth Management GmbH accounting for 25 percent of the total issue). Of the new shareholders Finnish Sijoitusrahasto Zenito Silver and Gold accounted for 14 percentage of the issue.

The reasons for the deviation from the shareholders' pre-emptive rights is to diversify the shareholder base with institutional investors and investors in the mining sector and at the same time raise capital in a time- and cost-efficient way in order to secure the financing of the exploration in Finland. The results so far are encouraging both in the Raahe-Ladoga ore belt, and in Peräpohja. The first applications for exploration permits have been filed at the Tukes-authority. The goal is to start the diamond drilling in the three first drill targets in the Vihanti area during autumn 2019. On the Company website there are information on the ongoing exploration in Finland, see the subpage projects.

The net proceeds of the Directed Issue are intended to be used to strengthen the working capital to explore copper explorations in central Finland and the Finnish Lapland.

The Directed Issue entails a dilution of approximately 27.4 percent of the number of shares and votes in the Company. Through the Directed Issue the number of shares and votes will increase with 25,000,000 from 66,247,865 to 91,247,865. The share capital will increase with SEK 15,000,000 from SEK 39,748,719 to SEK 54,748,719.

Mangold Fondkommission AB and United Bankers Oyj has acted as financial advisor in relation to the Directed Issue.

15 July 2019

For more information:
Krister Söderholm, CEO
(+358) 50 542 3113
krister.soderholm@arcticminerals.se

About Arctic Minerals AB
Arctic Minerals AB is a Swedish company focusing on exploration for copper, zinc and gold in Finland. At present, the company has exploration reservations totaling 3,276 km2 in Finland, comprising 1,192 km2 in the Raahe-Ladoga ore belt of central Finland, 1,282 km2 in the Peräpohja Schist belt of northern Finland and 802 km2 in the Kiiminki Schist Belt. In addition, the company has applied for two exploration permits totalling 24 km2 in the Raahe-Ladoga belt. The company also owns the mineral rights to the closed Bidjovagge copper-gold mine in Norway. Partner Fondkommission AB (telephone 031-761 22 30, www.partnerfk.se) is the Company's Certified Adviser on Nasdaq First North, Stockholm.

This information is information that Arctic Minerals AB (publ) is obliged to make public pursuant to the EU Market Abuse Regulation. The information was submitted for publication, through the agency of the contact person set out below, at 17:45 CEST on 15 July 2019.

Important information
This press release does not constitute a prospectus in accordance with the meaning of such term in directive 2003/71/EC. Nor does this press release constitute or form part of a solicitation or an offer to purchase, sell, subscribe for, or in any other way trade in securities in Arctic. The publication or distribution of this press release may in certain jurisdictions be subject to restrictions in accordance with relevant laws and persons in the jurisdictions where this press release has been published or distributed shall inform themselves of, and follow, such restrictions. Any securities referred to in this communication may not be offered or sold in any jurisdiction absent registration under applicable securities laws or an exemption from registration.

Norrbotten Exploration AB ansökt om nytt förbehåll i norra Finland.

Arctic Minerals AB (Nasdaq First North Growth Market, Stockholm ("ARCT") har nöjet att informera att bolaget har identifierat ett nytt område med prospekterings-potential för platinagruppens element (PGE) och kromit i norra Finland. Koncernens dotterbolag Norrbotten Exploration AB har därför till Tukes, myndigheten för mineralrättigheter i Finland, lämnat en ansökan om ett förbehåll för prospektering, täckande ett område på 8 km2. Området ligger ca 15 km nordost om staden Kemi.


Norrbotten Exploration AB applies for new exploration reservation in northern Finland.

Arctic Minerals AB (Nasdaq First North Growth Market, Stockholm ("ARCT") is pleased to announce it has identified a new area with exploration potential for PGE (platinum group elements) and chromite in northern Finland. Arctic Minerals' subsidiary, Norrbotten Exploration AB, has therefore applied to Tukes, the authority in charge of mineral rights in Finland, for an exploration reservation covering 8.0 km2. The new reservation application, "Paasivaara", is located approximately 15 km northeast of the city of Kemi, Finland.


ARCTIC MINERALS HAR BEVILJATS MALMLETNINGSTILLSTÅNDET VILMINKO I KOPPAR-GULD-ZINK-PROJEKTET I VIHANTI. KÄRNBORRNINGEN PÅBÖRJAS INOM KORT

Arctic Minerals AB (Nasdaq First North Growth Market, Stockholm: "ARCT") har nöjet att meddela att bolaget har beviljats malmletningstillståndet Vilminko, i zink-koppar-guld-projektet i Vihanti-området i mellersta Finland. Tillståndet har beviljats av Tukes, myndigheten som ansvarar för mineralrättigheter i Finland. Det beviljade tillståndet möjliggör påbörjande av den planerade kärnborrningen i Vilminko-objektet.


ARCTIC MINERALS GRANTED EXPLORATION PERMIT VILMINKO, IN ZINC-COPPER-GOLD PROJECT IN VIHANTI, FINLAND. DRILLING TO FOLLOW

Arctic Minerals AB (Nasdaq First North Growth Market, Stockholm: "ARCT") is pleased to announce that it has been granted an exploration permit for its Vilminko zinc-copper-gold target in central Finland. The permit has been granted by Tukes, the authority in charge of mineral rights in Finland. The receipt of the permit will allow the company to carry out exploration drilling at Vilminko.


ARCTIC MINERALS PÅBÖRJAR KÄRNBORRNING FÖR ZINK-KOPPAR-GULD OBJEKTEN I VIHANTI, FINLAND

Arctic Minerals AB har nöjet att meddela att kärnborrningen i zink-koppar-guld-objekten i Vihanti påbörjas i november 2019. Detta möjliggörs genom att tillståndsmyndigheten Tukes beviljat det nödvändiga malmletningstillståndet Lampinsaari, som inbegriper de två borrobjekten "Vihanti mot djupet" och "Kuuhkamo".


ARCTIC MINERALS TO COMMENCE DRILLING AT VIHANTI, FINLAND ZINC-COPPER-GOLD PROJECT

Arctic Minerals AB is pleased to announce that drilling at its Vihanti, Finland zinc-copper-gold project will start in November 2019. This follows the granting of the necessary exploration permit by the mining authority, Tukes. The Lampinsaari exploration permit includes both the "Vihanti Deeps" and the "Kuuhkamo" drill targets.


Rättelse: Arctic Minerals ansöker om förbehåll för guldprospektering i norra Finland

Arctic Minerals AB har nöjet att informera, att bolaget har identifierat ett nytt prospekteringsområde med guldpotential i norra Finland. Bolaget har därför till Tukes, myndigheten för mineralrättigheter i Finland, lämnat en ansökan om ett förbehåll (för prospektering), täckande ett område på 365 km2, ca 100 km nordost om Kittilä centrum och ca 20 km sydväst om guldvaskarbyn Tankavaara i finska Lappland. Förbehållet förväntas godkännas av Tukes inom kort och det gäller två år från lämnandet av ansökan.


Arctic Minerals ansöker om förbehåll för guldprospektering i norra Finland

Arctic Minerals AB har nöjet att informera, att bolaget har identifierat ett nytt prospekteringsområde med guldpotential i norra Finland. Bolaget har därför till Tukes, myndigheten för mineralrättigheter i Finland, lämnat en ansökan om ett förbehåll (för prospektering), täckande ett område på 365 km2, ca 100 km nordost om Kittilä centrum och ca 20 km sydväst om guldvaskarbyn Tankavaara i finska Lappland. Förbehållet förväntas godkännas av Tukes inom kort och det gäller två år från lämnandet av ansökan.


Arctic Minerals applies for new gold exploration reservation in northern Finland.

Arctic Minerals AB is pleased to announce it has identified a new area with exploration potential for gold in northern Finland. The company has therefore to Tukes, the authority in charge of mineral rights in Finland, applied for an exploration reservation covering 365 km2, approximately 100 km northeast of the town of Kittilä, Finland and approximately 20 km southwest of the old gold panning village of Tankavaara. The approval of the application by Tukes is expected soon and the reservation is valid two years from date of filing.




Rapport för första halvåret (januari-juni) 2019

Första halvåret (januari - juni) 2019

  • Resultatet efter skatt för första halvåret 2019 uppgick till - 1,9 (- 1,1) MSEK.
  • Resultat per aktie (EPS) för första halvåret var -0,03 (-0,02) SEK.
  • Eget kapital per aktie vid periodens slut var 0,86 (0,93) SEK.
  • Banktillgodohavanden vid periodens slut uppgick till 3,2 (9,6) MSEK

Report for the first half year (January-June) 2019

First half-year (January - June) 2019

  • The profit after taxes for the first half year 2019 was MSEK - 1.9 (- 1.1).
  • The earnings per share (EPS) for the first half year was SEK -0.03 (-0.02).
  • Equity per share at the end of the period was SEK 0.86 (0.93).
  • The cash balance at end of the period amounted to MSEK 3.2 (9.6).

ARCTIC MINERALS INFORMERAR OM RESULTAT I PROSPEKTERINGEN I NORRA FINLAND

Arctic Minerals AB (Nasdaq First North Stockholm: "ARCT") har nöjet att presentera en uppdatering om prospekteringen efter koppar i Peräpohja skifferbälte i sydvästra finska Lappland. Bolaget informerade i januari 2019 att i fältarbetena under 2018 påträffades koppar på ett antal platser, tillsammans med förhöjda halter av silver och guld. Lovande kopparhalter hade analyserats i prover från både berghällar och ett antal lösblock. Det bästa malmblocket innehöll 5,25% koppar, 0,4 Gram per ton guld och 12 gram per ton silver.


ARCTIC MINERALS UPDATES PROGRESS IN EXPLO-RATION FOR COPPER IN NORTHERN FINLAND

Arctic Minerals AB (Nasdaq First North Stockholm: "ARCT") is pleased to issue an update on its exploration for copper in the Peräpohja Schist Belt in northern Finland. The company in January 2019 announced that during the 2018 field work copper was found in a number of locations, together with lesser amounts of silver and gold. Samples from both bedrock and boulders contained significant grades of copper, gold and silver. The best of the boulders contained 5.25% copper, 0.4 gram gold per ton and 12 grams silver per ton.


Arctic Minerals AB (publ) har genomfört en riktad nyemission om 15 MSEK

Arctic Minerals AB (publ) ("Arctic" eller "Bolaget") offentliggör härmed att de har genomfört en riktad nyemission av högst 25 000 000 aktier, motsvarande cirka 27,4 procent av kapitalet i Bolaget, till en begränsad grupp vidtalade investerare (den "Riktade Emissionen") mot kontant betalning. Teckningskursen i den Riktade Emissionen uppgick till 0,60 SEK per aktie. Den Riktade Emissionen beräknas tillföra Bolaget 15 MSEK före avdrag för emissionskostnader.


Arctic Minerals AB (publ) has completed a directed share issue of MSEK 15

Arctic Minerals AB (publ) ("Arctic" or the "Company") hereby announces that they have carried out a directed issue of not more than 25,000,000 shares, corresponding to approximately 27.4 percent of the share capital in the Company, to a limited group of previously informed investors (the "Directed Issue"). The shares will be paid in cash and the subscription price in the Directed Issue was determined to SEK 0.60 per share. The Directed Issue will give the Company gross proceeds of MSEK 15 before costs for the directed share issue.


Kommuniké från Arctic Minerals AB (publ) årsstämma 2019

Arctic Minerals AB avhöll den 28 maj 2019 årsstämma på Skeppargatan 27 i Stockholm.


Communication from Arctic Minerals AB (publ) Annual General Meeting 2019

Arctic Minerals AB held its Annual General Meeting on May 28, 2019 at Skeppargatan 27 in Stockholm.


Följ oss

Om beQuoted

beQuoted publicerar nyheter, analyser och pressmeddelanden för investerare och journalister. Viktiga företagshändelser bevakas av vår egen nyhetsredaktion och vidaredistribueras i ledande finansiella medier.

Vi uppdaterar även nyhetsrum, Investor Relations och IR-webbplatser för företag som vill utveckla sina relationer med finansmarknaden.

Kontakta oss

beQuoted AB
Sturegatan 32
114 36 Stockholm

08-692 21 90
Kontaktformulär