NunaMinerals announces price range for share offering
Price range for share offering
Further to the release of NunaMinerals A/S' prospectus dated 2 June 2008 the
supervisory board of NunaMinerals has, following consultations with
Handelsbanken Capital Markets, set the price range at DKK 375-435 per share of
DKK 100 nominal value in connection with the company's offering of up to
650,000 new shares in NunaMinerals A/S of DKK 100 nominal value each without
preemptive rights for existing shareholders. The final offer price will be
determined through bookbuilding and is expected to be announced on or before 18
June 2008.
The gross proceeds from the offering will amount to between DKK 244 mio and DKK
283 mio whereas the net proceeds after deduction of costs are expected to
amount to between DKK 226 mio and DKK 263 mio assuming the offering is fully
subscribed and not including the potential exercise of the overallotment option
of up to an additional 65,000 new shares of DKK 100 nominal value each.
If the offering is fully subscribed, the new shares subscribed in connection
with the offering, exclusive of the overallotment option, will represent about
45% of NunaMinerals A/S' issued share capital after the new shares have been
registered.
For further information, please contact:
Ole Christiansen, President and CEO, mobile: +299 55 18 57
Anton Christoffersen, Chairman of the board of directors, mobile: +45 30 28 50
45
About NunaMinerals
NunaMinerals A/S is Greenland's leading company in the exploration of gold and
other precious and base metals. The company has a portfolio of 13 exclusive
concessions that to date comprise 37 exploration prospects.
Nuuk, 6 June 2008
Announcement No.: 2008/17
Firmly rooted in Greenland, the company is well positioned to exploit the
minerals potential of one of the world's final unexplored areas. The geology of
Greenland has a number of similarities with that of mining countries such as
Canada, South Africa and Australia, all countries with substantial mineral
deposits of, among other things, gold, platinum, nickel and copper.
The company has established partnerships with, among others, the world's
second-largest mining company, Rio Tinto, and he world's second-largest
platinum producer, Implats. Setting up partnerships that may add further
technical and financial expertise to the development of the company's
exploration prospects is a key element of NunaMinerals' business model.
NunaMinerals began operations in 1999 and is headquartered in Nuuk, Greenland.
This announcement does not contain all the information that may be of relevance
to prospective investors. Before making a decision to invest, prospective
investors should carefully read NunaMinerals' prospectus, including in
particular the section with the heading “Risk factors”. This announcement
contains forward-looking statements on NunaMinerals' future financial
developments and financial results as well as other statements, which are not
historical facts and which may prove to be incorrect. This announcement does
not constitute an offer to sell or a solicitation of an offer to buy any of the
offered shares in any jurisdiction or to any person in which or to whom it is
unlawful to make such an offer. This announcement is not for release,
publication or distribution in the United States, Canada, Australia or Japan.
Prospective investors should seek professional investment advice as well as
examine relevant risks and legal aspects, including tax aspects, which could be
relevant in connection with acquiring the shares.
