Annual General Meeting of Endomines AB (publ) on April 24, 2014

        Print
| Source: Endomines AB
The Annual General Meeting (the “AGM”) of shareholders of Endomines AB (publ)
was held on April 24, 2014.

Appropriation of Endomines AB’s loss and discharge from liability for members of
the Board of Directors and the CEO
The AGM resolved to adopt the Profit and Loss Statement and the Balance Sheet
for the Parent Company as well as the Consolidated Profit and Loss Statement and
the Consolidated Balance Sheet for the Group for 2013. The AGM resolved that no
dividend should be paid and that the company's profits be disposed of such that
SEK 60,968,113 be carried forward to new account, consisting of share premium
reserve of SEK 172,523,683, retained losses of SEK 87,017,264 and this year's
loss of SEK 24,538,306. The members of the Board of Directors and the CEO were
discharged from liability for the financial year 2013.

Board of Directors
The AGM resolved that the Board of Directors should consist of five members.
Staffan Simberg, Meg Tivéus, Stefan Månsson, Rauno Pitkänen and Mati Sallert
were re-elected as members of the Board of Directors. In addition Staffan
Simberg was re-elected as chairman of the Board. Timo Lindborg has declined re
-election.

The AGM further resolved that the yearly fees shall be SEK 250,000 to the
chairman of the Board of Directors and SEK 150,000 to each of the non-employed
members of the Board. It was further resolved that Committee work fees shall be
SEK 25,000 to each member of the remuneration committee, audit committee and
technical and security committee and SEK 50,000 to the chairman of the audit
committee.

The Nomination Committee
The AGM approved the proposal for a Nomination Committee for the AGM 2015 and
that it shall consist of three members, of which two shall represent the two
larger shareholders and the third shall be the chairman of the Board of
Directors. The chairman of the Board of Directors shall during the autumn 2014
contact the larger shareholders as per 31 August 2014 to establish a Nomination
Committee. The shareholders, which at such point in time, holds the largest
numbers of votes shall have the right to appoint one representative each to,
next to the chairman of the Boards of Directors, form the Nominations Committee
until the next AGM.

Guidelines for remuneration to senior executives
The AGM also resolved to approve to Board of Directors' proposal for guidelines
for remuneration to senior executives.

Authorization for the Board of Directors to resolve on a new issue of shares
The AGM resolved to authorize the Board of Directors during the period up to the
next Annual General Meeting to resolve on the issuance of shares and/or
convertibles, with deviation from the shareholders' preemption right. By
resolution pursuant to the authorization, the number of new shares that can be
issued may, in aggregate, be equivalent to the number of shares corresponding to
maximum 10 per cent of the total number of existing shares in Endomines at the
time of registration of the share issue authorization.

For further information please contact:
Markus Ekberg, CEO of Endomines AB, tel. +358 40 706 48 50
Staffan Simberg, Chairman of the Board of Endomines AB, tel. +358 50 020 92 16

________________________________________________________________________________
_ 
_______

Endomines AB discloses the information provided herein pursuant to the Swedish
Securities Markets Act and/or the Swedish Financial Instruments Trading Act. The
information was submitted for publication at 08:45 CET on 25 April, 2014.


About Endomines AB
Endomines AB is a Nordic mining and exploration company with its first operating
gold mine in production since February 2011. The mine is located in Eastern
Finland, on the Karelian Gold Line, a 40 km long gold critical belt, where
Endomines controls all currently known gold deposits.

The company’s business practices and mining operations are based on sustainable
principles and on minimizing the impact on the environment.

Endomines applies SveMin's&FinnMin's respective rules for reporting (public
mining & exploration companies). It has chosen to report mineral resources and
ore reserves according to the JORC-code, which is the internationally accepted
Australasian code for reporting ore reserves and mineral resources.

The shares of Endomines AB are quoted on NASDAQ OMX Stockholm under ticker
ENDO.ST. Pareto Öhman acts as Liquidity Provider in Stockholm.

Read more about Endomines on www.endomines.com