Arctic Gold AB (ARCT): Communiqué from Arctic Gold AB’s extraordinary general meeting

Arctic Gold AB (ARCT): Communiqué from Arctic Gold AB’s extraordinary general
meeting

On 9 March 2012 Arctic Gold AB held an extraordinary general meeting at the IVA
conference center in Stockholm.  In addition to the formal decisions the
following resolutions were made at the meeting

Resolution to change the Articles of Association
The meeting decided on a change in the Articles of Association items § 4
regarding share capital and § 5 regarding number of shares.

Decision regarding § 4: “The share capital shall be no less than 20,000,000 and
no more than 80,000,000 KR.”
Decision regarding § 5: ”The number of shares shall be no less than 10,000,000
and no more than 40,000,000.”

The purpose of the decisions is to enable increases in the Company’s share
capital through new share issues.

Resolution to authorize the Board of Directors to decide on new stock issues
The meeting resolved to authorize the Board of Directors to decide, on one or
more occasions, during the period until the next annual general meeting to issue
new shares and/or issue convertible debentures and/or warrants for cash payment
and/or payment in kind or by way of set-off or with other conditions with or
without deviation from the shareholder’s preferential rights, resulting in an
increase of the Company’s share capital by not more than 12,000,000 kr through
the issue of no more than 6,000,000 shares in case of full subscription and full
conversion respectively.

The purpose of this authorization is to create freedom of action for financing
of new business opportunities within the existing operations or for expanded
operations such as for instance company acquisitions.

Arctic Gold AB (publ)
The Board of Directors

For further information, please contact the company's CEO.

Lars-Åke Claesson
CEO
Arctic Gold AB
46 18 156423
46 70 6733294
claesson@arcticgold.se
www.arcticgold.se