TORONTO, Feb. 27,
2025 /CNW/ - First Nordic Metals
Corp. (the "Company" or "FNM") (TSXV: FNM)
(OTCQB: FNMCF) (Germany: HEG0) is pleased to provide notice to
shareholders who would like to convert their common shares in FNM
to Swedish depository receipts ("SDRs"), a financial
instrument issued by a Swedish bank representing shares in a
non-Swedish company. The Company is currently in the process
of applying for a secondary listing of SDRs
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.
To facilitate the conversion of common shares of FNM to SDRs in
Sweden, shareholders are
encouraged to contact DNB Markets, a part of DNB Bank ASA,
Sweden Branch ("DNB"), to
receive detailed instructions on how to proceed with the conversion
of securities by emailing Securities Services & Custody at
emissioner@dnb.se. DNB will reach out to shareholders via their
bank or broker in order to establish a conversion date for those
who wish to convert their common shares to SDRs.
About First Nordic Metals
First Nordic Metals Corp. (FNM) is a Canadian-based gold
exploration company, consolidating assets in Sweden and Finland, with a vision to create Europe's next gold camp. The Company's
flagship asset is the Barsele Gold Project in northern Sweden, a joint venture project with senior
gold producer Agnico Eagle Mines Limited. Immediately surrounding
the Barsele project, FNM is 100%-owner of a district-scale license
position comprised of three additional projects (Paubäcken,
Storjuktan, Klippen), which combined with the Barsele Project,
total 104,000 hectares on the Gold Line Belt. Additionally, in
northern Finland, FNM is the
100%-owner of a district-scale position covering the entire
underexplored Oijärvi Greenstone Belt, including the Kylmäkangas
deposit, the largest known gold occurrence on this belt.
ON BEHALF OF THE BOARD OF DIRECTORS
Taj Singh, M.Eng, P.Eng, CPA
CEO & Director
Follow First Nordic Metals:
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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.
