Nickel Mountain Resources AB (NGM:NICK) entered into an agreement to acquire an unknown majority stake in Vilhelmina Mineral AB (publ) from Euroclear Sweden AB and others for SEK 90.8 million on March 9, 2020. Under the terms of the transaction, acquisition is made via a rights issue where 11 new shares will be issued for each share of Vilhelmina. In a related transaction, Vilhelmina will be financed through an issue of 23 million shares. In addition Vilhelmina has entered into an agreement for additional financing of approximately SEK 3.3 million through Norwegian regional funds. Transaction is conditional Extraordinary General Meeting of Nickel Mountain approves the transaction and authorizes the Board of Directors of Nickel Mountain to decide on the issue of the consideration shares through a rights issue. On April 3, 2020, shareholders of Nickel have approved the transaction and the Board of Directors in Vilhelmina Mineral intends to withdraw its listing application at NGM Nordic SME. Transaction is expected to close in June 2020. Nickel Mountain Resources AB (NGM:NICK) completed the acquisition of 94.7% stake in Vilhelmina Mineral AB (publ) from Euroclear Sweden AB and others on July 2, 2020. A total of 26.5 million shares were acquired. The acquisition of the shares in Vilhelmina Mineral was made through a non-cash issue where 11 newly issued shares in Nickel Mountain were paid for each acquired share in Vilhelmina Mineral. Nickel Mountain has decided to allocate approximately 292 million shares in the non-cash issue, which constitutes 36% of the total number of shares in Nickel Mountain after the issue. An additional 0.944133 million hares in Vilhelmina Mineral will be sold to Nickel Mountain, according to entered subscription obligations. The consideration for these additional shares, in the form of an additional 10 million newly issued shares in Nickel Mountain, will be allocated at a later date. Vilhelmina is now 95% owned by Nickel. On July 2, 2020, Euroclear sold its ownership for a total consideration of 96.211544 shares for a total of SEK 10.5882 million.