Lundin Gold Inc. has issued Subscription Receipts, including Swedish ”Euroclear Subscription Receipts”, in connection with the financing of Lundin Gold’s acquisition of the Fruta del Norte Gold Project and the subsequent listing of Lundin Gold on Nasdaq Stockholm

Subsequent to the fulfilment of the conditions precedent for the acquisition, all issued Subscription Receipts (corresponding to a value of CAD 200 million) have been converted to shares in Lundin Gold. The company announced on 25 November 2014 that the gross proceeds from the offering amounted to CAD 240 million. Lundin Gold’s shares commenced trading on the Toronto Stock Exchange 19 December 2014 and on Nasdaq Stockholm 22 December 2014.

Gernandt & Danielsson advised Lundin Gold with a team consisting of Partner Carl Westerberg, Senior Associate Leo Lee and Associate Erika Olofsson.