Mahvie Minerals AB is a Nordic exploration company mining development company with a focus on base metals, precious metals and specialty metals. The company’s main assets can be found in the Norwegian Mo i Rana which is a well-known industrial and mining area including both smelters and mining of iron ore.
Mahvie Minerals has conducted a private placement of SEK 8.0 million in order to fund further exploration and development studies at the Mo i Rana project. In addition, Mahvie Minerals has acquired Finnish gold mining project Haveri from Bluelake Mineral AB (publ) through an offset issue of SEK 14.8 million. After the transactions, Bluelake Mineral owns 50.1 per cent of the shares in Mahvie Minerals, which will be distributed to Bluelake’s shareholders through a Lex Asea dividend. The shares of Mahvie Minerals are intended to be listed on a multilateral trading platform in the autumn of 2022.
Augment acted as financial advisor to Mahvie Minerals in connection with the transactions.