Talvivaaran Kaivososakeyhtiö Oyj : Talvivaara Update on Disposal of
Subscription Rights and Shares by Talvivaara's CEO Mr. Pekka Perä
Stock Exchange Release
Talvivaara Mining Company Plc
25 March 2013
Update on Disposal of Subscription Rights and Shares by Talvivaara's CEO Mr.
Talvivaara Mining Company Plc (the "Company") today announces that Mr. Pekka
Perä, the CEO of the Company, has informed the Company that he has
successfully placed 47,960,000 subscription rights and 1,892,225 shares. Mr.
Perä will use the proceeds of the disposal to subscribe for new shares in the
Company pursuant to the terms of the rights issue announced on 8 March 2013.
Following this disposal, Mr. Perä has indicated that he does not intend to
sell any further subscription rights or shares.
Talvivaara Mining Company Plc Tel +358 20 7129 800
Pekka Perä, CEO
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The information contained herein is not for publication or distribution,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.
Update on Disposal of Subscription Rights & Shares by CEO Mr. Perä
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information contained therein.
Source: Talvivaaran Kaivososakeyhtiö Oyj via Thomson Reuters ONE
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