NOT FOR RELEASE, PUBLICATION OR DISTRIBUTION, DIRECTLY OR INDIRECTLY, IN OR INTO THE UNITED STATES, AUSTRALIA, BELARUS, CANADA, NEW ZEALAND, HONG KONG, JAPAN, RUSSIA, SWITZERLAND, SINGAPORE, SOUTH AFRICA, OR ANY OTHER JURISDICTION IN WHICH THE RELEASE, PUBLICATION OR DISTRIBUTION OF THIS PRESS RELEASE WOULD BE UNLAWFUL, BE SUBJECT TO LEGAL RESTRICTIONS OR WOULD REQUIRE REGISTRATION OR OTHER MEASURES.
The Board of Directors of Northgold AB (“Northgold” or the “Company”) decided on 29 August 2024, with support of the authorisation from the annual general meeting on 18 June 2024, to carry out a rights issue of units of approximately SEK 15.2 million (the “Rights Issue”). In connection with the Rights Issue, the Board of Directors of Northgold has prepared an information memorandum which has been published today, on 4 September 2024.
The information memorandum, which includes the terms and conditions of the Rights Issue, is available on the Company’s website, https://northgoldab.com/, Augment Partners AB’s offer site, www.augment.se/offerings/, and Aqurat Fondkommission AB’s website, www.aqurat.se/aktuella-erbjudanden/. Subscription forms will be available on the websites mentioned above before the subscription period in the Rights Issue starts on 10 September 2024.
Indicative timetable for the Rights Issue
| 4 September 2024 | Last day of trading including unit rights |
| 5 September 2024 | First day of trading excluding unit rights |
| 6 September 2024 | Record date for the Rights Issue |
| 10 September – 19 September 2024 | Trading in unit rights on Nasdaq First North Growth Market |
| 10 September – 24 September 2024 | Subscription period |
| 10 September 2024 until registration with the Swedish Companies Registration Office | Trading in paid subscribed units (BTU) |
| 25 September 2024 | Expected date for the announcement of the outcome of the Rights Issue |
Advisers
Augment Partners AB is acting as the financial advisor and Schjødt is acting as the legal advisor to the Company in connection with the Rights Issue.
Additional information
For further information, please contact:
Seppo Tuovinen, CEO, +358 504 109 625
Email: ir@northgoldab.com
IMPORTANT INFORMATION
Publication or distribution of this press release may in some jurisdictions be subject to statutory and legal restrictions and persons in those jurisdictions where this press release has been published or distributed should inform themselves about and observe such restrictions. The information in this press release does not constitute an offer to acquire, subscribe or otherwise trade in shares or other securities in Northgold.
This press release does not constitute an offer to acquire securities in the United States. The securities mentioned herein may not be sold in the United States without registration in accordance with The Securities Act of 1933 or without the application of an exception to such registration. The information in this press release may not be released, published, reproduced or distributed in or to the United States, Australia, Belarus, Canada, New Zealand, Hong Kong, Japan, Russia, Switzerland, Singapore, South Africa, or any other country or jurisdiction where such action is not permitted or such action is subject to legal restrictions or would require further registration or other measures than required by Swedish law. Measures contrary to this instruction may constitute a breach of applicable securities laws.
This press release is not a prospectus for the purposes of Regulation (EU) 2017/1129 of the European Parliament and of the Council of 14 June 2017 (the "Prospectus Regulation") and no prospectus has been or will be prepared in connection with the Rights Issue. The Company’s information memorandum is available on the Company’s website, https://northgoldab.com/.
