Talvivaara Mining Company Plc: The District Court has granted an extension to the deadline for re-submitting the proposal for...
30 January 2015 - 6:08PM
Stock Exchange
Release
Talvivaara Mining Company Plc
30 January 2015
The District Court
has granted an extension to the deadline for re-submitting the
proposal
for Talvivaara's reorganisation programme
The District Court of Espoo has
granted an extension to the deadline for re-submitting the proposal
for the reorganisation programme of Talvivaara Mining Company Plc
("Talvivaara" or the "Company") until 13 March 2015, as applied by
the Administrator.
Talvivaara evaluates possibilities
of participating in the operations of the new mining company in
connection with the bankruptcy estate of Talvivaara Sotkamo
deciding on the sale of the Sotkamo mine to a new operator.
Talvivaara's ability to continue
its operations on going concern basis and the content of the
supplemented reorganisation programme will be based on the role
that the Company may have in the future operations of the mine.
This potential role can only be defined when the Talvivaara Sotkamo
bankruptcy estate has agreed on the sale of the mine and the
identity of the future operator is known.
Enquiries
Talvivaara Mining Company Plc
Tel +358 20 7129 800
Pekka Perä, CEO
Pekka Erkinheimo, Deputy CEO
Pekka Jaatinen, Attorney-at-Law Tel +358 20 7765
765
Castrén & Snellman Attorneys Ltd
Talvivaaran Corp Reorg deadline
extension
This
announcement is distributed by NASDAQ OMX Corporate Solutions on
behalf of NASDAQ OMX Corporate Solutions clients.
The issuer of this announcement warrants that they are solely
responsible for the content, accuracy and originality of the
information contained therein.
Source: Talvivaaran Kaivososakeyhtiö Oyj via
Globenewswire
HUG#1890582
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