Talvivaaran Kaivososakeyhtiö Oyj : Talvivaara CEO Mr. Pekka Perä, Explores
Potential Sales of Shares and Subscription Rights
Stock Exchange Release
Talvivaara Mining Company Plc
20 March 2013
NOT FOR RELEASE, PUBLICATION OR DISTRIBUTION, DIRECTLY OR INDIRECTLY, IN OR
INTO THE UNITED STATES, CANADA, AUSTRALIA, HONG KONG, SOUTH AFRICA OR JAPAN OR
ANY OTHER JURISDICTION IN WHICH THE DISTRIBUTION OR RELEASE WOULD BE UNLAWFUL.
Talvivaara Mining Company, CEO Mr.Pekka Perä, Explores Potential Sales of
Shares and Subscription Rights
As disclosed in the shareholders' circular dated 14 February 2013 and the
prospectus dated 12 March 2013, Pekka Perä, the CEO of Talvivaara Mining
Company Plc, has agreed to attempt to raise funds through borrowing, the sale
of his shares, the sale of subscription rights allocated to him, or by other
means, in order to subscribe for new shares in excess of his pre-existing
commitment to subscribe EUR 5 million worth of new shares at the subscription
price in the rights issue announced by Talvivaara on 8 March 2013. Mr. Perä
has informed Talvivaara that he continues to explore a range of alternatives,
including selling shares or subscription rights into the market.
Talvivaara Mining Company Plc Tel +358 20 7129 800
Pekka Perä, Chief Executive Officer
Saila Miettinen-Lähde, Deputy CEO and CFO
Talvivaara Mining Company Plc
Talvivaara Mining Company is an internationally significant base metals
producer with its primary focus on nickel and zinc using a technology known as
bioheapleaching to extract metals out of ore. Bioheapleaching makes extraction
of metals from low grade ore economically viable. The Talvivaara deposits
comprise one of the largest known sulphide nickel resources in Europe. The ore
body is estimated to support anticipated production for several decades.
Talvivaara has secured a 10-year off-take agreement for 100 per cent of its
main output of nickel and cobalt to Norilsk Nickel and entered into a
long-term zinc streaming agreement with Nyrstar NV. Talvivaara is listed on
the London Stock Exchange Main Market and NASDAQ OMX Helsinki. Further
information can be found at www.talvivaara.com.
The information contained herein shall not constitute an offer to sell or the
solicitation of an offer to buy, nor shall there be any sale of the securities
referred to herein in any jurisdiction in which such offer, solicitation or
sale would be unlawful prior to registration, exemption from registration or
qualification under the securities laws of any such jurisdiction. Investors
must neither accept any offer for, nor acquire, any securities to which this
announcement refers, unless they do so on the basis of the information
contained in the applicable Prospectus published or distributed by Talvivaara.
The information contained herein is not for publication or distribution,
directly or indirectly, in or into the United States, Canada, Australia, Hong
Kong, South Africa or Japan. These written materials do not constitute an
offer of securities for sale in the United States, nor may the securities be
offered or sold in the United States absent registration or an exemption from
registration as provided in the U.S. Securities Act of 1933, as amended, and
the rules and regulations thereunder. There is no intention to register any
portion of the offering in the United States or to conduct a public offering
of securities in the United States.
CEO Pekka Perä, Explores Potential Sales of Shares&Subscription Rights
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information contained therein.
Source: Talvivaaran Kaivososakeyhtiö Oyj via Thomson Reuters ONE
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