Nuuk, Greenland, 2011-06-20 18:52 CEST (GLOBE NEWSWIRE) --
NUNAMINERALS COMPLETES A FULLY SUBSCRIBED DIRECTED ISSUE
This announcement is not for release, publication or distribution
in the United States of America, Canada, Australia or Japan.
This is in reference to company announcement no. 8/2011 of 17 June 2011.
Today, NunaMinerals has completed fully subscribed directed issue, and 117,313 new shares (the ’New Shares’) f a nominal value of DKK 100 each have been subscribed for at a price of DKK 166 per share. The issue of new shares generates gross proceeds of DKK 19.5 million to NunaMinerals.
The rights attaching to the New Shares, including voting rights and rights to dividends, take effect at the date of registration of the capital increase with the Danish Commerce and Companies Agency. The New Shares carry an entitlement to receive full dividend for the 2011 financial year.
After the capital increase of DKK 11,731,300, nominal value, NunaMinerals’ share capital constitutes DKK 129,161,900, nominal value, divided into 1,291,619 shares of each DKK 100, nominal value.
It is expected that settlement and payment for the New Shares will take place on 24 June 2011.
The New Shares are expected to be admitted for listing at NASDAQ OMX Copenhagen A/S on 29 June 2011 under the ISIN code for the existing shares (DK0016190986) following registration of the share capital increase with the Danish Commerce and Companies Agency and the merger between the new temporary ISIN code DK0060337681 and the existing ISIN code in VP Securities. The temporary ISIN code will not be admitted for trading and official listing at NASDAQ OMX Copenhagen A/S as it will only be registered with VP Securities for the purpose of subscription of the New Shares.
FURTHER INFORMATION:
Anton Christoffersen, Chairman of the board of directors, phone: +299 32 52 10, mobile: +299 55 52 10
Ole Christiansen, CEO, phone +299 36 20 01, mobile: +299 55 18 57
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 operations in 1999 and is headquartered 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.