Press Releases

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

The shareholders of Vilhelmina Mineral AB (publ), reg. no. 556832-3876, (hereinafter the "Company") are hereby invited to the extraordinary general meeting to be held on 2 August 2018 at 3:00 p.m. in Hamilton Lawfirms's facilities at Hamngatan 27 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 27 July 2018; and
  • give notice hereof with name, personal/registration number, number of shares held, telephone number and, if applicable, the name of accompanying advisors (maximum of two) or proxy to by e-mail to rikard.malmi@hamilton.se , no later than 30 July 2018 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 27 July 2018, 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. Power of attorney forms are available at the Company's website www.vilhelminamineral.com.

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. Resolution regarding issuance of warrants
  7. Resolution regarding distribution of dividends
  8. Closing of the meeting

Proposals

Resolution regarding issuance of warrants

The board proposes that the general meeting resolves to issue warrants to key individuals in the Company in accordance with proposed terms and conditions available on Company's website. For resolution in accordance with the abovementioned, it is required that the meeting's decision is supported by at least nine tenths of the votes cast and the shares represented at the meeting.

Resolution regarding distribution of dividends

Shareholders representing at least 53 per cent of the shares in the Company proposes that the general meeting resolves to distribute a dividend consisting of SEK 0.01 for each share owned in the Company. The dividend shall consist of shares in the newly registered wholly owned subsidiary NewCo 5001 Sweden AB (under change of name to Upgrade Mineral AB), org. no 559165-0642 (the "Subsidiary"), where one share in the Company entitles to one share in the Subsidiary. It is further proposed that the board of directors are authorised to determine the record date. The purpose of the distribution of dividend is to create value for the shareholders in the Company, as the Subsidiary in a later stage may be used to acquire interesting developing projects within bullion and other minerals.

Other

Provisioning of documents etc.

The board of director's proposal regarding issuing of warrants, the board of directors' proposal regarding distribution of dividends and documents pursuant to Chapter 14, Section 8 and Chapter 18, Section 4 and 6 of the Companies Act are available in the Company's offices and at the Company's website, www.vilhelminamineral.com. Copies of the aforementioned documents will also be sent by mail to shareholders who so request and provide their postal addresses. 

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 July 19, 2018

Vilhelmina Mineral AB (publ)
The board of directors

For additional information please contact:
Peter Hjorth, CEO), Vilhelmina Mineral, tel. +46-725 38 25 25

Vilhelmina Mineral is a Swedish junior resource company with focus on copper and zinc projects in the Nordic countries. In Sweden the company owns the Stekenjokk project in which approximately 7 million tons were produced between 1976 and 1988. According to estimates there are remaining indicated mineral resources of 7.4 million tons with grades of 1.17% Cu, 3.01% Zn and 47 g/ton Ag (cut-off 0.9% Cu). In Norway, Vilhelmina Mineral is co-owner in the Joma field in which some 11.5 million tons were previously produced between 1972 and 1998 with average grades of 1.5% Cu and 1.5% Zn. The Joma field (excluding Gjersvik) is estimated to hold approximately 5.7 million tons with grades of 1.55% Cu and 0.82% Zn (cut-off 0.8% Cu).

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
2018-07-23
Regulatory

The shareholders of Vilhelmina Mineral AB (publ), reg. no. 556832-3876, (hereinafter the "Company") are hereby invited to the extraordinary general meeting to be held on 2 August 2018 at 3:00 p.m. in Hamilton Lawfirms's facilities at Hamngatan 27 in Stockholm.