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Lappland Goldminers AB The Income Statement and Balance Sheet, as well as treating the net loss for the fiscal period according to the proposal of the Board of Directors and as recommended by the company's Auditor, were adopted at the Annual General Meeting. The members of the Board of Directors and the Managing Director were also discharged from liability for fiscal year 2007.
The ordinary members of the Board of Directors, Torsten Börjemalm, Tomas Björklund, Leif Carlson, Ulf Ericsson and Tony Harwood were re-elected, and Svante Lundbrink was elected as new board member. Jan-Åke Uneé was re-elected as an alternate Board member. Torsten Börjemalm was re-elected as the Chairman of the Board.
Compensation to the Board of Directors in the amount of SEK 350,000 was approved. The Chairman shall receive SEK 100,000 and the other members SEK 50,000 each.
Bruno Holmqvist were re-elected as auditor. The Board of Directors was authorized to, on one or several occasions before the next Annual General Meeting, issue a maximum of 10 million new shares, and decide on a waiver of shareholders' rights of priority.
The Extraordinary General Meeting resolved an option program for Kjell Larsson, Senior Vice President, including a maximum of 175,000 stock options. Each stock option entitles the holder to acquire a new share not later than 30 December, 2012. In order to secure the Company's undertakings to deliver shares and pay social security fees it was resolved to issue 235,000 warrants with corresponding terms and conditions.
For additional information:
Karl-Åke Johansson, Tomas Björklund, Board Member CEO Ph. +46 70 662 35 35 Ph. +46 950 275 01, +46 70 625 22 57 tomas.bjorklund@lgold.se karl-ake.johansson@lgold.se
Also see: www.lapplandgoldminers.com About Mangold Fondkommission: www.mangold.se
Lappland Goldminers AB is an exploration company, and, through the acquisition of the gold mine and processing plant Pahtavaara in Finland, also a producing mining company. The company is listed on the market place "First North" under the name GOLD, with Mangold Fondkommission AB as the Certified Adviser, as well as the Norwegian OTC list. Lappland Goldminers has secured a number of gold deposits along the so-called Guldlinjen ("The Gold Line") in Västerbotten. The Company's strategy is to develop a profitable, producing gold company with a centrally located processing plant in Fäboliden, Sweden, in the Haveri area in Finland, and Pahtavaara in northern Finland, which is supported by ore from one or several mines either through the Company's own exploration or alternatively through acquisitions. The company is a member of SveMin, the trade association for mines, minerals and metal producers in Sweden (formerly called the Swedish Mining Association) and follows SveMin's reporting rules for public mining and exploration companies.
