The Board and the management of Lappland Goldminers have, in view of the work
intense phase for several of the company's projects, identified a need for the
Board to take a more active role in the company's development. To achieve this,
the Board and the management opinion is that a working Chairman who can spend
considerable time on this task would be an important part of such strategy.
Considering the expected time required for such a chairmanship, the current
Chairman of the Board Ulf Ericsson has declared that due to his other
assignments, he does not have the necessary time required as a working Chairman.
Ulf Ericsson has therefore declared that he will resign as Chairman and member
of the company's Board.
As a consequence hereof, the Board has decided to appoint the current board
member Lars Olof Nilsson as new Chairman of the Board. Lars Olof Nilsson has
considerable financial and industrial competence and experience from the
company's business field (for more information please see the company's web site
and annual report).
- Lappland Goldminers will soon face several exciting challenges and strategy
options and I look forward to contributing to realize the company's potential
together with the Board and the management in the best possible way. At the same
time and on behalf of the company I wish to thank Ulf Ericsson for his efforts
and achievements during his time on the Board, says Lars Olof Nilsson.
- Working with Lappland Goldminers has been very stimulating and I will miss it.
I am convinced that the increased work efforts by the Board will have a positive
effect on the development of Lappland Goldminers, says Ulf Ericsson.
Lappland Goldminers AB (publ)
For further information:
Lars Olof Nilsson, Chairman of the Board
Tel: 0708-55 20 13
E-mail:lars.nilsson@lgold.se
Also visit: www.lapplandgoldminers.com
About Mangold Fondkommission: www.mangold.se
Lappland Goldminers AB is a producing mining company with significant
exploration activities. The Company is listed on the market place First North
Premier under the name GOLD, with Mangold Fondkommission AB as Certified
Adviser, as well as on the Norwegian OTC list.
Lappland Goldminers' strategy is to develop mineral deposits into profitable
producing mines. The Company is strategically positioned with the the fully
permitted Fäboliden gold project and the Ersmarksberget deposit and processing
plant in northern Sweden. The Pahtavaara gold operation is located in the north
of Finland and the Haveri gold deposit in the south of Finland. Lappland
Goldminers is a member of SveMin, the Swedish association for mines, minerals
and metal producers, and follows SveMin's reporting rules for public mining and
exploration companies.
[HUG#1440332]
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http://hugin.info/134992/R/1440332/384703.pdf
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Source: Lappland Goldminers AB via Thomson Reuters ONE