Nuuk, 2015-02-02 07:50 CET (GLOBE NEWSWIRE) -- Chief Executive Officer of NunaMinerals A/S, Ole Christiansen, has informed the Board of Directors that he wishes to resign as the company’s Chief Executive Officer. Ole Christiansen will continue as the company’s Chief Executive Officer during his notice period of 12 months and the resignation will thus have effect from 1 February 2016 unless otherwise agreed with Board of Directors.
The Board of Directors also refers to the company’s financial situation, as recently reported at the Company’s extraordinary general meeting on 29 January 2015, as well as the fact that the loans granted by the Greenlandic Government and Greenland Holding A/S with maturity date end of January 2015 have not yet been extended.
The Board of Directors is considering the situation of the company and will report its decision as soon as possible.
For additional information, please contact:
Birks Bovaird, Chairman of the Board of Directors, mobile: +1 416 518 0100
***
ABOUT NUNAMINERALS A/S
NunaMinerals A/S is Greenland’s leading company in the exploration of precious and base metals as well as strategic metals. Firmly rooted in Greenland, the company is well positioned to exploit the mineral potential of one of the world’s few remaining unexplored regions. The geology of Greenland has a number of similarities with that of long-established mining countries such as Canada, South Africa and Australia, which all have substantial mineral deposits of gold, platinum, nickel and copper, among other commodities. Setting up partnerships that would bring further technical and financial expertise to the development of the company’s exploration prospects is a key element of NunaMinerals’ business model. NunaMinerals began its operations in 1999 and has its headquarter in Nuuk, Greenland.
The company is listed at NASDAQ OMX Copenhagen A/S under the symbol “NUNA” (Copenhagen: NUNA.CO).
For more information, please visit our website: www.nunaminerals.com.
This announcement contains forward-looking statements on NunaMinerals’ future financial developments and financial results as well as other statements that are not historical facts and that may prove to be incorrect. This announcement does not constitute an offer to sell or a solicitation of an offer to buy any of the offered shares in any jurisdiction or to any person in which or to whom it is unlawful to make such an offer. This announcement is not for release, publication or distribution in the United States of America, Canada, Australia or Japan. Prospective investors should seek professional investment advice and examine relevant risks and legal aspects, including tax aspects, which could be relevant in connection with an acquisition of the shares.
Birks Bovaird, Chairman of the Board of Directors, mobile: +1 416 518 0100