Northgold AB (“Northgold” or the “Company”) has on the 10th of April 2025, entered into an agreement with Nordic Resources Limited (“Nordic Resources” or the “Buyer”) regarding the sale of all shares in its wholly owned Finnish subsidiaries, Fennia Gold Oy and Lakeuden Malmi Oy (the “Transaction”). The consideration in the Transaction comprises a combination of 70,000,000 newly issued shares in Nordic Resources (the “Consideration Shares”) and SEK 2,000,000 in cash (together, the “Consideration”). The total value of the Consideration amounts to approximately 34 MSEK, based on the volume weighted average price in Nordic Resources calculated on the last 15 trading days and the current exchange rate between the…
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