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Northgold AB (“Northgold” or the “Company”), a Swedish gold exploration and development company, commences the trading of its shares today, 24 March 2022, on Nasdaq First North Growth Market Sweden, following approval for listing from Nasdaq Stockholm AB. The shares will be traded under the trading symbol “NG” with ISIN code SE0017131071, which can be monitored at www.nasdaqomxnordic.com/shares.
Mitch Vanderydt, CEO, comments:
“Today marks a big day for Northgold and I am delighted to welcome all new shareholders. We can now begin executing the next step in our growth strategy, conducting systematic exploration with the goal of making new discoveries and expanding our existing resources from their current level of 725,000 oz AuEq to more than 1,000,000 oz AuEq over the next 18 months. We look forward to providing an update in the coming weeks on our 2022 exploration plans, which are set to include additional IP geophysical surveys, base-of-till geochemical sampling and core drilling scheduled to take place during the second and third quarters."
Northgold in brief
Northgold focuses on exploration and development of gold deposits that create leverage for the growth of gold as a long-term investment instrument. The Company's business model is to create value by expanding mineral resources through exploration of current and new deposits and increasing their probability of extraction through technical studies.
Northgold is advancing two resource-stage gold projects in the underinvested Middle Ostrobothnia Gold Belt (MOGB) in Central Finland, a region that has a history of base metals mining and is now also emerging as an up-and-coming gold district. The Company's two project areas together host informal mineral resources of more than 725,000 oz AuEq and offer exposure to both early- and advanced stage gold exploration. Northgold plans to conduct systematic exploration, including drilling, at the Kopsa and Kiimala trend projects with the goal of expanding gold resources and discovering new deposits. Furthermore, Northgold aims to continue the consolidation of the underexploited Middle Ostrobothnia Gold Belt.
Advisors
Augment Partners AB is the financial advisor as well as Certified Adviser and Advokatfirmaet Schjødt AS, filial is the legal advisor in connection to the listing.
For additional information, please contact the CEO:
“Mitch Vanderydt”
Mitchell J. Vanderydt, P.Eng, MBA
+46 70 563 12 61
ir@northgoldab.com
About Northgold
Northgold is a Swedish gold exploration and development Company with multiple resource-stage projects in the Middle Ostrobothnia Gold Belt (MOGB) of Central Finland, including the Kopsa Gold-Copper project and the Kiimala Trend Gold project. The Company strives to find and extract gold from under-prospected areas in Finland. More information is available on www.northgoldab.com. Augment Partners AB, tel. +46 8-604 22 55 info@augment.se, is acting as the Company's Certified Adviser.
Important information
The release, publication or distribution of this announcement may be subject to restrictions in certain jurisdictions. The recipients of this announcement in jurisdictions in which this announcement has been published or distributed shall inform themselves of and comply with such restrictions. This announcement does not constitute an offer or solicitation to subscribe, buy or otherwise trade in shares or other securities issued by the Company in any jurisdiction, neither from Northgold nor anyone else, where such an offer would be unlawful.
Neither this announcement nor the information contained herein may be published or distributed, directly or indirectly, in or to the United States of America, Australia, Canada, Hong Kong, Japan, New Zealand, Singapore, South Africa, South Korea, Switzerland or any other jurisdiction in which the publication or distribution would be illegal or subject to legal restrictions or require registration or other measures than those that follow from Swedish and Finnish law. The Company has not taken and will not take any measures to allow an offering to the public in any jurisdiction other than Sweden and Finland. The shares of the Company have not been registered and will not be registered under the United States Securities Act of 1933 as amended, and may not be offered, subscribed, exercised, pledged, sold, resold, delivered or transferred, directly or indirectly, in or to the United States of America. Measures in violation of the restrictions may constitute a breach of applicable securities legislation.
In the United Kingdom, this documents only being distributed to, and is only directed at, and any investment or investment activity to which this document relates is available only to, and will be engaged in only with, qualified investors (as defined in the Prospectus Regulation as it forms part of domestic law in the United Kingdom by virtue of the European Union (Withdrawal) Act 2018) and who are (i) investment professionals falling within Article 19(5) of the Financial Services and Markets Act 2000 (Financial Promotion) Order 2005, as amended (the “Order”) or (ii) high net worth entities, and other persons to whom this announcement may lawfully be communicated, falling within Article 49(2)(a) to (d) of the Order (all such persons together being referred to as “Relevant Persons”). This communication must not be acted on or relied on by persons who are not Relevant Persons. Any investment or investment activity to which this communication relates is available only to Relevant Persons and will be engaged in only with Relevant Persons. Persons distributing this communication must satisfy themselves that it is lawful to do so.
Forward-looking statements
This announcement may contain certain forward-looking statements. Forward-looking statements are statements that are not historical facts and may be identified by words such as “believe”, “expect”, “anticipate”, “intends”, “estimate”, “will”, “may”, “continue”, “should” and similar expressions. The forward-looking statements in this release are based upon various assumptions, many of which are based, in turn, upon further assumptions. Although the Company believes that these assumptions were reasonable when made, these assumptions are inherently subject to significant known and unknown risks, uncertainties, contingencies, and other important factors which are difficult or impossible to predict and are beyond its control. Such risks, uncertainties, contingencies, and other important factors could cause actual events to differ materially from the expectations expressed or implied in this release by such forward-looking statements. The information, opinions and forward-looking statements contained in this communication speak only as at its date and are subject to change without notice. The Company does not undertake any obligation to review, update, confirm or release publicly any revisions to any forward-looking statements to reflect events that occur or circumstances that arise in relation to the content of this announcement.
The information, estimates, and forward-looking statements contained in this announcement are valid only as of the date of this announcement and are subject to change without notice. The Company does not undertake any obligation to review, update, confirm, or publish any adjustments regarding any forward-looking statements to reflect events that occur or circumstances that arise regarding the content of this notice.
