Bluelake Mineral is a Swedish company focused on exploration and mine development in the Nordic region within base metals, primarily copper, zinc and nickel. The company also holds projects with assets such as gold and oil.
In copper and zinc, the Company focuses on developing the Swedish project Stekenjokk and the Norwegian project Joam with the objective to put them into production. For Stekenjokk, a revised application for an exploitation concession has been submitted to the authorities. For Joma, the first step in the Norwegian equivalent of a exploitation concession has been obtained ("right of extraction").
Further, the Company also holds Swedish nickel project Rönnbäcken and the Finnish gold project Haveri. In both these cases, the Company is actively seeking financial and industrial partners for development of the projects.
In oil, a project is held in Tomsk, Russia. In this case, the strategy is to sell the project or enter into a partnership in order to finance and develop the project.
If you have any further questions, please contact our Investor Relations Contact.
The shareholders of Bluelake Mineral AB (publ), company registration no 556493-3199 (the "Company"), are hereby invited to participate in the Extraordinary General Meeting ("EGM") to be held April 30, 2021 at 10 am at Brahegatan 29, 114 37 Stockholm, Sweden.
Bluelake Mineral AB (publ) ("Bluelake" or the "Company") has today decided to allot 177,603 shares in the Company against consideration of 330,726 shares in Vilhelmina Mineral AB (publ) ("Vilhelmina Mineral"), after which the Company holds a total of 99.2 percent of all outstanding shares in Vilhelmina Mineral.
Bluelake Mineral AB (publ) ("Bluelake Mineral" or "the Company") Bluelake Mineral today decided to offer the remaining shareholders in Vilhelmina Mineral AB (publ) ("Vilhelmina Mineral") to sell all their shares in Vilhelmina Mineral to the Company in exchange for receipt of newly issued shares in the Company (through a non-cash share issue) for the same consideration and otherwise on essentially the same terms as the sale of shares in Vilhelmina Mineral to the Company that took place in the summer of 2020, taking into account the reverse share split in the Company resolved at the Extraordinary General Meeting on December 17, 2020. As a result, the Board today decided to carry out a new issue of a maximum of 298,767 shares (the "Non-Cash Issue") through payment in kind of a maximum of 543,214 shares (the "Non-Cash Property") in Vilhelmina Mineral corresponding to approximately 1.9 percent of the shares in Vilhelmina Mineral.
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