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

5/28/2015, 8:00 AM (Source: GlobeNewswire)

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.




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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

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