Highlights during the 1st quarter 2014
· Work continued on the Rönnbäcken project's Pre-feasibility Study
(PFS) during the first quarter of 2014.
· SRK Consulting completed a detailed review of the estimated costs
and the timeline for completing the PFS.
· New management of Nickel Mountain Group (NMG), including a new
Managing Director, was in place on January 1.
· A debt set-off issue amounting to Swedish Krone 11.8 million (MSEK)
was conducted at the end of January 2014, whereby 3,052,799 new shares
were issued.
· A legal process for suing the people responsible for the negative
consequences of the Ghana Gold-transaction has been prepared by a
leading Swedish law firm on behalf of NMG and will shortly be filed with
the Stockholm District Court.
· The net result after tax for the January to March quarter of 2014
attributable to the shareholders of the parent company amounted to MSEK
-6.9 (MSEK -6.0). This corresponds to earnings per share (EPS) of SEK
-0.34 (SEK -0.33).
· The total comprehensive loss for the first quarter of 2014 was MSEK
-7.0 (MSEK -8.8).
(Complete report enclosed for the first quarter 2014)