NunaMinerals continues its search for a solution to the company’s severe financial problems
26.02.2015 | Globenewswire Europe
Nuuk, 2015-02-26 (GLOBE NEWSWIRE) -- With reference to company announcement no. 8 of 20 February 2015, it is hereby informed that the company continues its discussions with possible investors and the Government of Greenland.Whether the current on-going attempts to save the company will lead to a final solution is still very uncertain. The situation remains highly critical and if no solution is found, it will most likely result in the company having to file for bankruptcy.
The Board of Directors will inform the market as soon as there are any developments.
ABOUT NUNAMINERALS A/S
NunaMinerals A/S is Greenland’s leading company in the exploration of precious and base metals as well as strategic metals. Firmly rooted in Greenland, the company is well positioned to exploit the mineral potential of one of the world’s few remaining unexplored regions. The geology of Greenland has a number of similarities with that of long-established mining countries such as Canada, South Africa and Australia, which all have substantial mineral deposits of gold, platinum, nickel and copper, among other commodities. Setting up partnerships that would bring further technical and financial expertise to the development of the company’s exploration prospects is a key element of NunaMinerals’ business model. NunaMinerals began its operations in 1999 and has its headquarter in Nuuk, Greenland.
The company is listed at NASDAQ OMX Copenhagen A/S under the symbol “NUNA” (Copenhagen: NUNA.CO). For more information, please visit our website: www.nunaminerals.com.
This announcement contains forward-looking statements on NunaMinerals’ future financial developments and financial results as well as other statements that are not historical facts and that may prove to be incorrect. This announcement does not constitute an offer to sell or a solicitation of an offer to buy any of the offered shares in any jurisdiction or to any person in which or to whom it is unlawful to make such an offer. This announcement is not for release, publication or distribution in the United States of America, Canada, Australia or Japan. Prospective investors should seek professional investment advice and examine relevant risks and legal aspects, including tax aspects, which could be relevant in connection with an acquisition of the shares.
For additional information, please contact:
NunaMinerals A/S
Birks Bovaird, Chairman of the Board
mobile: +1 416 518 0100
Ole Christiansen, President and CEO
mobile: +299 55 18 57