Nuuk, 17 June 2016 Announcement No. 18/2016 Page 1 of 1
NunaMinerals A/S ("NUNA") ("NunaMinerals" or the "Company") announces that the management is in discussions with relevant stakeholders.
We advise that two former employees filed a petition for bankruptcy of NunaMinerals which led to a court meeting on June 10. The petitions were subsequently withdrawn.
NunaMinerals has been granted an extension for preparation of the Annual Report 2015. The new deadline was June 15, 2016. The Annual Report 2015 has not yet been completed but the Company is making arangements to complete the Annual Report as soon as possible..
The Board of Directors is continuing to make every effort to achieve a viable reconstruction of NunaMinerals, including an arrangement with its creditors, but it remains uncertain whether such a reconstruction can be achieved or what the terms of such solution might be.
Nunaminerals is a gold and copper exploration company based in Greenland.
Its main exploration properties are PAAMIUT, ISUA, MANIITSOQ EAST, GIESECKE & AMMASSALIK/KITAK, AMIKOQ, FISKEFJORDEN, MIAGGOQ, ULAMERTOQ, IVISAARTOQ, INGLEFIELD LAND, KANG EAST, HUGIN, VAGAR, STORO, QUSSUK and THE YMER Ø CONCESSION in Greenland.
Its stock quote reached its highest recent level on October 25, 2013 at €UR 9.95, and its lowest recent point on June 07, 2016 at €UR 0.00.
Nunaminerals has 27 590 000 shares outstanding.