IGE: END OF SUBSCRIPTION PERIOD

3/30/2012 3:15 AM EST

IGE: END OF SUBSCRIPTION PERIOD

The subscription period in IGE Resources AB's rights issue expires at
17:30 (CET) today, 30thof March 2012.

Any subscription right not used to subscribe for new shares in the
rights issue before the end of the subscription period will lapse and
cease to carry any value.

The result of the offering will be made public as soon as all
subscriptions have been counted. It is expected that this will take
place on or about the 3rd of April 2012. The anticipated schedule of
activities thereafter is:

End of Subscription
Period................................................      30 March
2012        

Allocation of Offered Shares.........................  3 April 2012

Allocation letters distributed........................3 April 2012

Payment Date for subscription of Offered Shares................  11
April 2012

Registration of share capital increase.....................   18 April
2012

First day of trading of the Offered Shares on Oslo Stock Exchange on or
about .   24 April 2012

Date of Delivery of the Offered Shares on or about................ 24
April 2012

 

For additional information, please contact:

Thomas Carlsson

CFO and acting CEO, IGE Resources AB   

Tel: +46 8 402 28 05 / +46 70 552 26 22

E-mail:  

IGE Resources AB (publ) is a Scandinavian asset management and
development company within natural resources. IGE's portfolio currently
consists of diamond exploration and production assets in Southern Africa
and Nickel Mountain Resources AB (publ) owning Scandinavia's largest
nickel deposit. IGE is headquartered in Stockholm and its shares are
listed on the Oslo Stock Exchange (ticker: IGE). Please refer to
www.ige.se for