NMG: 3 month interim report for the period January - March 2014 - Nickel Mountain Group (publ) AB

Tue, May 27, 2014 18:39 CET

Highlights during the 1st quarter 2014

Work continued on the Rönnbäcken project’s Pre-feasibility Study (PFS) during the first quarter of 2014.
SRK Consulting completed a detailed review of the estimated costs and the timeline for completing the PFS.
New management of Nickel Mountain Group (NMG), including a new Managing Director, was in place on January 1.
A debt set-off issue amounting to Swedish Krone 11.8 million (MSEK) was conducted at the end of January 2014, whereby 3,052,799 new shares were issued.
A legal process for suing the people responsible for the negative consequences of the Ghana Gold-transaction has been prepared by a leading Swedish law firm on behalf of NMG and will shortly be filed with the Stockholm District Court.
The net result after tax for the January to March quarter of 2014 attributable to the shareholders of the parent company amounted to MSEK –6.9 (MSEK –6.0). This corresponds to earnings per share (EPS) of SEK –0.34 (SEK –0.33).
The total comprehensive loss for the first quarter of 2014 was MSEK –7.0 (MSEK –8.8).

(Complete report enclosed for the first quarter 2014)