Nickel Mountain Resources AB (NGM:NICK) entered into an agreement to acquire an unknown majority stake in Vilhelmina Mineral AB (publ) from Euroclear Sweden AB and others for SEK 90.8 million on March 9, 2020. Under the terms of the transaction, acquisition is made via a rights issue where 11 new shares will be issued for each share of Vilhelmina. In a related transaction, Vilhelmina will be financed through an issue of 23 million shares. In addition Vilhelmina has entered into an agreement for additional financing of approximately SEK 3.3 million through Norwegian regional funds. Transaction is conditional Extraordinary General Meeting of Nickel Mountain approves the transaction and authorizes the Board of Directors of Nickel Mountain to decide on the issue of the consideration shares through a rights issue. On April 3, 2020, shareholders of Nickel have approved the transaction and the Board of Directors in Vilhelmina Mineral intends to withdraw its listing application at NGM Nordic SME. Transaction is expected to close in June 2020.