Du är här

2016-02-03

Talvivaaran Kaivososakeyhtiö Oyj: Talvivaara and Terrafame have agreed on an extension of the deadline set for the detailed terms of the sale of Talvivaara's

Stock Exchange Release

Talvivaara Mining Company Plc

3 February 2016

Talvivaara and Terrafame have agreed on an extension of the deadline set for
the detailed terms of the sale of Talvivaara's assets

As announced by Talvivaara Mining Company Plc ("Talvivaara") on 28 January
2016, Talvivaara, Terrafame Group Ltd, Terrafame Ltd and Winttal Ltd, a
subsidiary of Terrafame Group Ltd, have signed a letter of intent, in which
the parties provisionally agree on the essential terms and conditions for the
sale of Talvivaara's assets related to the Sotkamo mining operations.
According to the letter of intent the arrangement was conditional upon the
detailed agreements concerning the arrangement being finalized and accepted
by all parties no later than 3 February 2016, or on another date agreed by
the parties, at which instant the first phase of the arrangements would be
completed.

As previously announced the arrangement is, among others, conditional on a
favorable decision by the Vaasa Administrative Court on Nuasjärvi discharge
pipe line, enabling the continuance of Terrafame's mining operations. Since
the decision of the Vaasa Administrative Court has not been received by 3
February 2016, the parties have agreed to extend the deadline set for the
finalization and approval of the detailed agreements until the decision of
the Administrative Court has been received.

Enquiries

Talvivaara Mining Company Plc.
Tel. 020 7129 800

Pekka Perä, CEO
Pekka Erkinheimo, Deputy CEO

Talvivaara and Terrafame have extented the deadlines of the agreements
http://hugin.info/136227/R/1983557/726964.pdf

---------------------------------------

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: Talvivaaran Kaivososakeyhtiö Oyj via Globenewswire

HUG#1983557

Författare WKR

Tala om vad ni tycker

Tala om vad ni tycker

Ni är just nu inne på en betaversion av nya aktiespararna. Lämna gärna feedback på vad ni tycker i formuläret nedan.