The shareholders of Arctic Minerals AB (publ), reg. no. 556569-3602, are convened to the annual general meeting to be held on 30 June 2023 at 11:00 CEST, at Advokatfirman Schjødt, Hamngatan 27 in Stockholm. The entrance to the meeting and registration will open at 10.30 CEST.
The board of directors of Artic Minerals AB (publ) ("Arctic Minerals" or the "Company") proposes that the annual general meeting on 30 June 2023, resolves on a directed new share issue with payment through set-off to four of the Company's creditors of up to 4,574,994 shares, which will result in the Company's debts decreasing by up to SEK 2,516,246.7 (the "Set-Off Issue"). The subscription price amount to SEK 0.55 per share and corresponds to a premium of approximately 11 per cent compared to the closing price of the Company's share on Nasdaq First North Growth Market on 29 May 2023.
The board of Arctic Minerals has reviewed the Company's strategy for the its gold projects in Finland and Norway. The gold price is now at historically high levels for both USD and EUR. In the Company's gold strategy, the Company focuses on its current gold portfolio comprising of the three gold projects in Norway; Bidjovagge,Katterat and Sjangeli as well as the Nutukka gold project in Finland.
The board of directors of Artic Minerals AB (publ) ("Arctic Minerals" or the "Company") has resolved, with the support of the authorization obtained at the Company's extraordinary general meeting on 17 November 2022, on a directed new share issue with payment in cash of 9,689,100 shares, which will raise proceeds to the Company to SEK 5,329,005 before issue costs (the "Directed New Share Issue"). The subscription price in the Directed New Share Issue amount to SEK 0.55 per share. Strategic and long-term investors are participating in the Directed New Share Issue.
The Board of Directors of Arctic Minerals AB (publ) ("Arctic Minerals", the "Company" or the "Parent company" and together with its subsidiaries the "Group") (the "Board") hereby submits Year-end report for the full year January - December 2022.
The Board of Directors of Arctic Minerals has appointed Risto Pietilä as new CEO of the Company.
Arctic Minerals AB (publ) is pleased to announce that it plans further work at its Nutukka gold property in Finnish Lapland. The work will follow up on the good results from last year's panning and geochemical sampling program, which found widespread visible gold in panned samples. The continued exploration program will consist of excavating (trenching) and sampling at 3 areas considered of particular interest. This will be followed by shallow drilling (base-of-till & top-of-bedrock). The work is planned for the summer / autumn of 2023. Deeper diamond drilling is thereafter planned the following winter 2023/24.
Arctic Minerals AB (publ) has identified a new copper target in a previously unexplored and sparsely populated part of central Finland. Boulders assay up to 4.4% copper.
Arctic Minerals AB (publ) is pleased to announce that it has received positive results from the geophysical survey carried out during the 2022 field season at its 100%-owned Bidjovagge gold-copper project in Norway. The results of the latest survey confirm the interpretation of previous drilling and geophysics that the ore zone continues both to the west and north of the original mining area.