Arctic Minerals Adopts Revised Articles of Association

Arctic Minerals AB has adopted a revised set of articles of association, following approval at an extraordinary general meeting held on November 17, 2022. The amendments aim to provide greater clarity on the company's operational activities and administrative framework.

The company's registered seat is confirmed to be in Stockholm, with the flexibility to hold general meetings in either Stockholm or Östersund. Arctic Minerals' business scope is defined to encompass prospecting and extraction of diamonds, metals, and industrial minerals, along with related activities.

The articles also stipulate the parameters for the company's share capital and the number of shares. The share capital is set to a minimum of SEK 600,000 and a maximum of SEK 2,400,000. The total number of shares must fall between 150,000,000 and 600,000,000.

Further provisions detail the composition of the board, which will consist of three to seven members. The company will also appoint one or two auditors, or a registered auditing firm, at its ordinary general meeting. These appointments are made annually.

The updated document also outlines procedures for meeting notices and communication, as well as establishing the company's financial year as the calendar year. The registration of the company's shares will adhere to Swedish regulations concerning securities centers and the management of financial instruments.