Press Releases

Invitation to annual general meeting of the shareholders in Vilhelmina Mineral AB (publ)

Vilhelmina Mineral AB (publ), reg. no 556832-3876, (hereinafter the "Company") has previously through the financial calender at the Company's website communicated April 25, 2019 as date for the annual general meeting. Due to administrative reasons, the date has been postponed and the shareholders are hereby invited to the annual general meeting to be held on May 3, 2019 at 4:00 p.m. in the Company's premises at Brahegatan 29 in Stockholm.

Right to attend and notice of attendance

Shareholders who wish to attend the general meeting shall:

- be entered into the transcription of the share register kept by Swedish central securities depository (Euroclear Sweden AB) as of April 26, 2019; and

- give notice hereof with name, personal/registration number, number of shares held, telephone number and, if applicable, the name of proxy or accompanying advisor by e-mail to anmalan@servando.se no later than on April 26, 2019 at 4:00 p.m.

Shareholding in the name of a nominee

Shareholders, whose shares are registered in the name of a nominee, must request to be temporarily entered into the share register as of April 26, 2019, in order to be entitled to participate in the Meeting. Such a shareholder is requested to inform the nominee to that effect well before that day.

Representation by proxy

A shareholder's rights at the meeting may be exercised by a proxy empowered by a power of attorney. The power of attorney shall be in writing, dated and signed and must not be older than twelve months, unless a longer term of validity is set out in the power of attorney (however, not longer than five years). The original power of attorney must be presented at the general meeting. Those representing a legal person must also present a certificate of registration or the similar showing the authorized signatories.

Proposed agenda

1. Opening of the meeting and election of chairman
2. Drawing up and approval of the voting list
3. Election of one person to adjust the minutes
4. Resolution regarding whether the meeting has been duly convened
5. Approval of the agenda
6. Presentation of the annual accounts and auditor's report
7. Resolutions in respect of
   a) adoption of the profit and loss statement and the balance sheet
   b) appropriation of the Company's profit or loss according to the adopted balance sheet
   c) discharge from liability of the members of the Board of directors and the Managing Director.
8. Determination of the number of board members and deputy board members
9. Determination of remuneration to be paid to the members of the Board of Directors and the Auditor
10. Election of the members of the Board of Directors and Auditor
11. Resolution to adopt new articles of association
12. Resolution to authorize the Board of Directors to issue new shares
13. Closing of the meeting

Proposals

Determination of remuneration to be paid to the board members and the auditor
The board proposes that remuneration shall be paid with SEK 40 000 per annum and board member and with SEK 60 000 per annum to the chairman of the board. Remuneration to the auditor proposes to be paid in accordance with approved invoice.

Election of the members of the Board of Directors and Auditor
The board proposes that the board members Scott Moore, Peter Hjorth, Jonas Dahllöf, Leslaw Kwasik and Neil Said are re-elected. The board further proposes that the registered audit company Öhrlings PricewaterhouseCoopers AB with the main responsible auditor Henrik Boman is re- elected.

Resolution to adopt new articles of association
The board proposes that the annual general meeting resolves upon to amend the articles of association with regards to the limits for share capital and number of shares, which is required for a complete utilization of the proposed authorization for the Board of Directors.

Resolution authorizing the Board to decide on issues
The Board of Directors proposes that the annual general meeting authorizes the Board of Directors to decide on issue of new shares and / or issue of convertible bonds and / or warrants against cash payment, payment in kind, by set-off or with other conditions on a single or several occasions until the next annual general meeting and in relation thereto deviate from the shareholders' preferential rights. By decision based on the authorization, the share capital may increase by a maximum of SEK 3 300 000 by issue of no more than 33 000 000 shares.

The purpose of the authorization is to create freedom of action for financing new business opportunities within existing operations or for expanded operations in the form of, for example, acquisitions. For a valid decision, shareholders with at least two thirds of the votes cast and the shares represented at the meeting need to support the decision.

Documents
The Board's complete proposals, annual report and auditor's report are available at the Company as from April 19, at Brahegatan 29, Stockholm and will be sent to shareholders who so wish and state their e-mail address.

Shareholders' right to ask for information
Shareholders of the Company are, where the board of directors believes that it that it may take place without significant harm to the Company, at the extraordinary general meeting entitled to receive information in respect of any circumstances which may affect the assessment of a matter on the agenda (i.e. the right to request information pursuant to Chapter 7, Sections 32 and 57 of the Swedish Companies Act).

 

Stockholm on April 3, 2019

Vilhelmina Mineral AB (publ)
The board of directors

For additional information please contact:

Peter Hjorth, CEO, Vilhelmina Mineral, phone +46-725 38 25 25

2019-04-03
Regulatory

Vilhelmina Mineral AB (publ), reg. no 556832-3876, (hereinafter the "Company") has previously through the financial calender at the Company's website communicated April 25, 2019 as date for the annual general meeting. Due to administrative reasons, the date has been postponed and the shareholders are hereby invited to the annual general meeting to be held on May 3, 2019 at 4:00 p.m. in the Company's premises at Brahegatan 29 in Stockholm.

2019-03-01
Regulatory

The board of Vilhelmina Mineral AB (publ) ("Vilhelmina Mineral" or "the Company") has decided on record date for dividend in kind of the shares in the newly formed subsidiary Upgrade Mineral Nordic AB ("Upgrade Mineral"). The decision was made on the basis of authorization from the Extraordinary General Meeting on August 2, 2018. The record date for obtaining shares in Upgrade Mineral is March 7, 2019.

2019-02-12
Regulatory

Fourth Quarter 2018 (October - December)

  • Exploration and evaluation costs for fourth quarter amounts to MSEK 3.3 (1.1)
  • After-tax profit for fourth quarter amounts to MSEK-3.3 (-1.1)
  • Profit per share for fourth quarter amounts to SEK -0.22 (-0.11)

Full year 2018 (January - December)

  • Exploration and evaluation costs for the full year amounts to MSEK 11.0 (1.1)
  • After-tax profit for the full year amounts to MSEK -11.3 (-2.9)
  • Profit per share for the full year amounts to SEK -0.84 (-0.34)
2019-01-30
Regulatory

Swedish junior resource company Vilhelmina Mineral AB (publ) (the "Company") has appointed Scott Moore as new chairman of the board. Mr. Moore represents Canadian owner Vilhelmina Minerals Inc. which is indirectly controlled by Canadian investment company Forbes & Manhattan. Mr. Moore's predecessor as chairman, Michael Timmins, is leaving Forbes & Manhattan and thereby also his assignments in portfolio companies.

2019-01-17
Regulatory

Swedish junior resource company Vilhelmina Mineral AB's (publ) Norwegian subsidiary
Joma Gruver AS has obtained approval from Røyrvik municipality for its plan program for
the Joma mine industrial area. The plan program is stipulated by Norwegian law and is an
important step in the permitting process related to restart of mining activities in Joma.

2018-11-13
Regulatory

Third Quarter 2018 (July - September)

  • Exploration and evaluation costs for second quarter amounts to 1.3 (0.0) msek
  • After-tax profit for second quarter amounts to -1.3 (-1.3) msek
  • Profit per share for second quarter amounts to -0.09 (-0.15) sek

 First Nine Months 2018 (January - September)

  • Exploration and evaluation costs for first six months amounts to 7.7 (0.0) msek
  • After-tax profit for first six months amounts to -8.0 (-1.8) msek
  • Profit per share for first six months amounts to -0.64 (-0.21) sek
2018-09-27
Regulatory

Swedish junior resource company Vilhelmina Mineral AB (publ) (the "Company") has from Nordic Growth Market NGM AB obtained a conditional approval for listing on multilateral trading platform Nordic MTF in Stockholm. First trading day is estimated to November 29, 2018. Vilhelmina Mineral AB (publ) will be traded under ticker code VILHEL MTF.

2018-08-29
Regulatory

Swedish junior resource company Vilhelmina Mineral AB (publ) (the "Company") is reporting new drilling results from the Joma Project in Røyrvik municipality in central Norway. This drilling program tested exploration and brownfield targets in and nearby Joma. The Joma Mine is an historic producer of copper (Cu) and zinc (Zn) from a volcanogenic massive sulfide-type deposit that operated from 1972 to 1998, mining 11.5 Mt at 1.49% Cu and 1.45% Zn. The Joma Project includes the Joma Mine and proximal areas held as exploitation concessions and exploration permits by Joma Gruver AS which is a jointly owned company between Vilhelmina Mineral AB (publ) and Joma Næringspark AS. Results from new drilling program include several intersections with significant length and grade, supporting the Company's plans to embark on studies to evaluate potential economics from residual resources in the mine area.

2018-08-14
Regulatory

Second Quarter 2018 (April - June)

  • Exploration and evaluation costs for second quarter amounts to 5.4 (0.0) msek
  • After-tax profit for second quarter amounts to -6.2 (-0.5) msek
  • Profit per share for second quarter amounts to -0.50 (-0.06) sek 

First Six Months 2018 (January - June)

  • Exploration and evaluation costs for first six months amounts to 6.4 (0.0) msek
  • After-tax profit for first six months amounts to -7.3 (-0.5) msek
  • Profit per share for first six months amounts to -0.58 (0.07) sek
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