First Nordic Provides Notice to Shareholders who Seek to Convert Common Shares to SDRs
First Nordic Provides Notice to Shareholders
who Seek to Convert Common Shares to
SDRs
TORONTO
,
Feb. 27, 2025
/CNW/ -
First Nordic Metals Corp.
(the "
Company
" or "
FNM
") (TSXV:
FNM) (OTCQB: FNMCF) (Germany: HEG0) is pleased to provide notice to shareholders who would
like to convert their common shares in FNM to Swedish depository receipts ("
SDRs
"), a financial
instrument issued by a Swedish bank representing shares in a non-Swedish company. The Company
is currently in the process of applying for a secondary listing of SDRs on Nasdaq First North Growth
Market ("
Nasdaq First North
") in
Sweden
. The completion of the listing is contingent upon obtaining
approval from Nasdaq Stockholm but FNM's objective is to complete the listing and start trading on
Nasdaq First North during the first quarter of 2025.
To facilitate the conversion of common shares of FNM to SDRs in
Sweden
, shareholders are
encouraged to contact DNB Markets, a part of DNB Bank ASA,
Sweden
Branch ("
DNB
"), to receive
detailed instructions on how to proceed with the conversion of securities by emailing Securities
Services & Custody at
. DNB will reach out to shareholders via their bank or
broker in order to establish a conversion date for those who wish to convert their common shares to
SDRs.
About First Nordic Metals
First Nordic Metals Corp. (FNM) is a Canadian-based gold exploration company, consolidating
assets in
Sweden
and
Finland
, with a vision to create
Europe's
next gold camp. The Company's
flagship asset is the Barsele Gold Project in northern
Sweden
, a joint venture project with senior
gold producer Agnico Eagle Mines Limited. Immediately surrounding the Barsele project, FNM is
100%-owner of a district-scale license position comprised of three additional projects (Paubäcken,
Storjuktan, Klippen), which combined with the Barsele Project, total 104,000 hectares on the Gold
Line Belt. Additionally, in northern
Finland
, FNM is the 100%-owner of a district-scale position
covering the entire underexplored Oijärvi Greenstone Belt, including the Kylmäkangas deposit, the
largest known gold occurrence on this belt.
ON BEHALF OF THE BOARD OF DIRECTORS
Taj Singh
, M.Eng, P.Eng, CPA
CEO & Director
Follow First Nordic Metals:
Twitter: @fnmetals
Youtube: @firstnordicmetalscorp
LinkedIn: @firstnordicmetals
Facebook: @FirstNordicMetals
Instagram: @firstnordicmetals
Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in
policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this
release.
Important information
This press release may not be made public, published or distributed, directly or indirectly, in
or into
Australia
,
Hong Kong
,
Japan
,
New Zealand
,
Singapore
,
South Africa
,
Switzerland
or
the United States
or any other jurisdiction where such distribution would require registration
or other measures in addition to those required by Swedish law, is prohibited, or otherwise
is unlawful or cannot be made without the application of an exemption from such action.
The publication, announcement or distribution of this press release may, in certain jurisdictions, be
subject to restrictions and the recipients of this press release in jurisdictions where this press
release has been published or distributed shall inform themselves of and follow such legal
restrictions. The recipient of this press release is responsible for using this press release, and the
information contained herein, in accordance with applicable rules in each jurisdiction. This press
release does not constitute an offer, or a solicitation of any offer, to buy or subscribe for any
securities in the Company in any jurisdiction, neither from the Company nor from someone else.
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 has not
been approved by any regulatory authority in any jurisdiction.
This press release does not constitute or form part of an offer or solicitation to purchase or
subscribe for securities in
the United States
. The securities referred to herein may not be sold in
the
United States
absent registration or an exemption from registration under the US Securities Act of
1933, as amended (the "Securities Act"), and may not be offered or sold within
the United States
absent registration or an applicable exemption from, or in a transaction not subject to, the
registration requirements of the Securities Act.
Actions taken in violation of this instruction may constitute a crime against applicable securities laws
and regulations.
Forward-looking Statements
This press release contains forward-looking statements that reflect the Company's intentions,
beliefs, or current expectations about and targets for the Company's and the group's future results
of operations, financial condition, liquidity, performance, prospects, anticipated growth, strategies
and opportunities and the markets in which the Company and the group operates. Forward-looking
statements are statements that are not historical facts and may be identified by words such as
"believe", "expect", "anticipate", "intend", "may", "plan", "estimate", "will", "should", "could", "aim" or
"might", or, in each case, their negative, or similar expressions. The forward-looking statements in
this press release are based upon various assumptions, many of which are based, in turn, upon
further assumptions. Although the Company believes that the expectations reflected in these
forward-looking statements are reasonable, it can give no assurance that they will materialize or that
the assumptions on which it is based are correct. Because these statements are based on
assumptions or estimates and are subject to risks and uncertainties, the actual results or outcome
could differ materially from those set out in the forward-looking statements as a result of many
factors. Such risks, uncertainties, contingencies, and other important factors could cause actual
events to differ materially from the expectations expressed or implied in this release by such
forward-looking statements. The Company does not guarantee that the assumptions underlying the
forward-looking statements in this press release are free from errors and readers of this press
release should not place undue reliance on the forward-looking statements in this press release. The
information, opinions and forward-looking statements that are expressly or implicitly contained herein
speak only as of the date of this press release and are subject to change without notice. Neither the
Company nor anyone else undertake to review, update, confirm or to release publicly any revisions
to any forward-looking statements to reflect events that occur or circumstances that arise in relation
to the content of this press release, unless it is required by law or Nasdaq First North Growth
Market Rulebook for Issuers of Shares.
SOURCE
First Nordic Metals Corp.
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For further information:
For further information contact: Alicia Ford, Director, Corporate
Development, Phone: 604-687-8566, Email: [email protected]
CO: First Nordic Metals Corp.
CNW 00:37e 28-FEB-25