Nickel Mountain Group AB (NMG): Change in Number of Shares and Votes

Regulatory News:

As already informed, NMG (STO:NMG) (OSE:NMG) has in November 2015 conducted a private placement of shares. In total, 400,000,000 new shares were issued (A-shares in the process of being converted to ordinary shares). Total number of shares and votes post the issue (and conversion) thereby increased from 90,809,360 to 490,809,360.

The share capital increased by SEK 200,000,000 to SEK 245,404,680.

This announcement follows standard information requirements for Swedish public companies at end of month during periods when the share capital has been changed.

For and on behalf of the Board of Directors of Nickel Mountain Group AB

Torbjörn Ranta

Cautionary Statement: Statements and assumptions made in this document with respect to Nickel Mountain Group AB’s ("NMG”) current plans, estimates, strategies and beliefs, and other statements that are not historical facts, are forward-looking statements about the future performance of NMG. Forward-looking statements include, but are not limited to, those using words such as "may", "might", "seeks", "expects", "anticipates", "estimates", "believes", "projects", "plans", strategy", "forecast" and similar expressions. These statements reflect management's expectations and assumptions in light of currently available information. They are subject to a number of risks and uncertainties, including, but not limited to, (i) changes in the economic, regulatory and political environments in the countries where NMG operates; (ii) changes relating to the geological information available in respect of the various projects undertaken; (iii) NMG’s continued ability to secure enough financing to carry on its operations as a going concern; (iv) the success of its potential joint ventures and alliances, if any; (v) metal prices, particularly as regards nickel. In the light of the many risks and uncertainties surrounding any mineral project at an early stage of its development, the actual results could differ materially from those presented and forecast in this document. NMG assumes no unconditional obligation to immediately update any such statements and/or forecasts.

This information was brought to you by Cision http://news.cision.com

View source version on businesswire.com: http://www.businesswire.com/news/home/20151130005923/en/