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2015-05-28

Nordic Mines AB: The Nomination Committee of Nordic Mines presents its proposal for a new Board of Directors

The English text is an unofficial translation of the Swedish original, and in
the event of any discrepancies between the Swedish text and the English
translation the Swedish text shall prevail. This is not a legal document.

PRESS RELEASE 28 May 2015

The Nomination Committee of Nordic Mines AB (publ) proposes the re-election of
Lennart Schönning and Krister Söderholm to the new Board of Directors. The
Nomination Committee also proposes the new election of Ulla-Britt
Fräjdin-Hellqvist, Tord Cederlund and Manfred Lindvall.

Background
The 2014 Annual General Meeting of Nordic Mines resolved to appoint a
Nomination Committee, the tasks of which would include presenting at the 2015
Annual General Meeting a proposal regarding the election of Board members.

For the period ending with the 2015 Annual General Meeting, the Nomination
Committee consists of Tord Cederlund, Catharina Lagerstam, Manfred Lindvall
and Lennart Schönning. The Chairman of the Nomination Committee is Tord
Cederlund.

Election of the Board of Directors, Chairman of the Board and Deputy Chairman
of the Board
The Nomination Committee proposes the re-election of Lennart Schönning and
Krister Söderholm. The Nomination Committee proposes the new election of
Ulla-Britt Fräjdin-Hellqvist, Tord Cederlund and Manfred Lindvall. Current
Board member Helve Boman has declined re-election.

Lennart Schönning is proposed for election as Chairman of the Board.

Ulla-Britt Fräjdin-Hellqvist is proposed for election as the Deputy Chairman
of the Board.

In the opinion of the Nomination Committee, all of the persons proposed for
election as members of the Board by the Annual General Meeting are
independent of any major shareholders in the Company. All proposed members
are independent of the Company and its executive management.

The proposed members of the Board have a long-standing background in the
mining industry as well as considerable experience in business in general and
large industrial projects and local Finnish knowledge in particular. The
Nomination Committee believes that the proposed Board has the diversity and
breadth in terms of its members' varying expertise, experience and background
that are appropriate to the Company's activities and stage of development.

Information on proposed Board members
Lennart Schönning (born in 1948)
Board member and Chairman of the Board since 2009.

Education: MSc in Engineering.
Other assignments: Self-employed via
Property Dynamics AB.
Previous assignments: President of Åke
Larson Byggare in the USA and Managing Director of the real estate company
Näckebro in Stockholm, which was previously listed on the Stockholm Stock
Exchange.
Independence: Independent with
regard to both the Company and executive management as well as the Company's
major shareholders.
Number of shares: 35,000,000 through Property Dynamics.

Tord Cederlund (born in 1941)

One of the founders of Nordic Mines and previous Board member during the years
2007-2012.

Education: MBA and
previously an authorised public accountant.
Other assignments: MD and Board
Member of Arctic Gold since May 2012.
Previous assignments: Tord Cederlund was
the founder of one of the first private finance companies, Cederlund&Grandin
AB, and has been involved in the formation of a large number of companies in
Sweden and abroad. Tord Cederlund lived in Brussels for many years, during
which time he served as a member of the mining industry's lobby organisation,
Euromines Gold Group. He has broad experience in Board work in Europe as well
as in the mining industry in Sweden and Finland. Tord Cederlund was involved
as early as 1996 in the formation of Endomines and in 2005 in the formation
of Nordic Mines.
Independence: Independent with
regard to both the Company and executive management as well as the Company's
major shareholders.
Number of shares: 22,884,415 privately and through companies.

Ulla-Britt Fräjdin-Hellqvist (born in 1954)

Education: MSc in
Engineering, Technical Physics, Chalmers University of Technology
Other assignments: Chairman of the
Board Kongsberg Automotive ASA and Vindora Holding AB, Board member ANNA+Cie,
DataRespons ASA, e-man AB, HRM Affärsutveckling AB and Mycronic AB and active
in companies owned by her family where she primarily focuses on issues
related to industry, the environment, research and societal development.
Previous assignments: Management positions
at Volvo Cars as, for example, Environmental Manager, Manager of the Volvo
Cars' design and concept centre in California and Vice President of Quality.
She has also worked as the Development Manager at Svenskt Näringsliv, where
she was responsible for a number of business policy areas, including the
environment, energy, sustainable development, transports, IT, labour market,
discrimination, education and research. Chairman of the Board and Board
member of listed, private and state-owned companies and foundations as well
as non-profit organisations.
Independence: Independent with
regard to the Company and executive management as well as the Company's major
shareholders.
Number of shares: -

Manfred Lindvall (born in 1952)

Education: Mining
Engineer and Licentiate of Technology from Luleå University of Technology
Other assignments: -
Previous assignments: Directorships for the
Environment, the Working Environment and Occupational Health, Technology,
Exploration at Boliden, Lundin Mining and Northland Resources
Independence: Independent with
regard to both the Company and executive management as well as the Company's
major shareholders.
Number of shares: -

Krister Söderholm (born in 1950)
Board member since 2013 as well as 2010-2011.

Education: Geology at Åbo Academy.
Other assignments: Board member of
Artic Gold AB, Board Member of FinnMin and FRB.
Previous assignments: Kevitsa Mining Oy,
Outokumpu Mining Oy, Bergmästare in Finland, Viscaria AB Sverige, A/S
Bidjovagge Gruber, Norway, and others.
Independence: Independent with
regard to both the Company and executive management as well as the Company's
major shareholders.
Number of shares: 140,000

For further information, please contact:

Tord Cederlund, Nomination Committee, Chairman, +46 (0)8 5051 6500
Eva Kaijser, CEO,+46 (0)70 932 09 01

For more information about Nordic Mines, please visit www.nordicmines.se.

The information presented above has been disclosed pursuant to the Securities
Markets Act and/or the Financial Instruments Trading Act. The information was
published on 28 May 2015 at 8:00 a.m.

Nordic Mines is a Nordic mining and exploration company. The Laiva mine in
Finland produced gold between 2011 and 2014. The deposit is among the largest
in the Nordic region. Nordic Mines is a member of Svemin and applies its
reporting regulations for public mining and exploration companies. The Nordic
Mines share has been admitted for trading on the Nasdaq Stockholm's Small Cap
list. Also refer to www.nordicmines.se.

Proposal for a new Board of Directions
http://hugin.info/138647/R/1924436/690299.pdf

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This announcement is distributed by NASDAQ OMX Corporate Solutions on behalf of NASDAQ OMX Corporate Solutions clients.
The issuer of this announcement warrants that they are solely responsible for the content, accuracy and originality of the information contained therein.
Source: Nordic Mines AB via Globenewswire

HUG#1924436

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