First Nordic to List on Sweden's Nasdaq First North Growth Market
First Nordic to List on Sweden's Nasdaq First
North Growth Market
VANCOUVER, BC
,
Dec. 2, 2024
/CNW/ -
First Nordic Metals Corp.
(the "
Company
" or "
FNM
")
(TSX.V: FNM) (OTCQB: FNMCF) (Germany: HEG0) is excited to announce that it has initiated the
process of applying for a secondary listing of Swedish depository receipts ("SDRs"), a financial
instrument issued by a Swedish bank representing shares in a non-Swedish company, 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.
The decision to pursue a secondary listing on Nasdaq First North reflects FNM's commitment to
enhancing its presence in
Sweden
, a key part of the Company's strategy moving forward. Recent
additions to FNM's board of directors and management team have brought significant technical
expertise to its key assets in
Sweden
, bolstered operational efficiencies and expanded the
Company's in-country presence; all of which will be instrumental for FNM as it advances its Gold
Line ("Gold Line") Belt projects in northern
Sweden
, including the Barsele Project in joint venture with
Agnico Eagle Mines Limited. The secondary listing will enable Swedish investors to participate in
First Nordic's growth more directly and it increases the Company's exposure to analysts, institutional
investors, and other stakeholders in the region.
In preparation of the secondary listing on Nasdaq First North, the Company intends to facilitate the
conversion of common shares of First Nordic to SDRs in
Sweden
, where a notice to shareholders
who seek to convert shares will be issued in a separate news release closer to the first day of
trading.
Taj Singh
, FNM President and CEO comments:
"
The FNM story has been very well received
since our merger was completed in early 2024. Listing our shares for trading on the Nasdaq First
North will bring new local shareholders in
Sweden
to invest in
Sweden's
largest undeveloped gold
project, the Barsele Project ("Barsele"), as well as ~100 kilometers of the Gold Line surrounding
Barsele, hosting a growing number of drill-ready mine-scale targets. Barsele is a critical asset that
could create thousands of jobs and leverage the incredibly efficient "green energy" of northern
Sweden
, and the Gold Line targets further provide FNM with world-class district-scale potential."
Augment Partners AB has been appointed as the Company's Certified Adviser in connection with the
listing process.
ABOUT NASDAQ FIRST NORTH
Nasdaq First North is a marketplace for growth companies with strong investor demand, both among
retail and institutional investors. As one of the most liquid and efficient cash equities markets in
Europe
, Nasdaq First North is currently home to more than 550 traded growth companies. On
average, more than five companies grow and transfer to the Main Market each year.
ABOUT FIRST NORDIC METALS
The Company's flagship asset is the Barsele gold project, located in northern
Sweden
and in a joint
venture with senior gold producer Agnico Eagle Mines Limited. Immediately surrounding the Barsele
project, FNM is the 100%-owner of a district-scale license position of close to 100,000 hectares on
Gold Line Belt. Additionally, in northern Finland FNM is the 100%-owner of a district-scale position
covering the entire Oijärvi Greenstone Belt.
ON BEHALF OF THE BOARD OF DIRECTORS
Taj Singh
, M.Eng, P.Eng, CPA
President & 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, Business Development
Manager, Phone: 604-687-8566, Email: [email protected]
CO: First Nordic Metals Corp.
CNW 12:16e 02-DEC-24