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Kallak Iron Ore Project, Letter to Minister Baylan
Kallak Iron Ore Project, Letter to Minister Baylan.
About this update from Beowulf Mining Plc
[{"type":"text","content":"\n \n \n \n RNS Number : 8518B\n Beowulf Mining PLC\n 15 June 2021\n \n \n \n \n \n \n \n \n \n \n \n \n \n The information contained within this announcement is deemed to constitute inside information as stipulated under the Market Abuse Regulation (\"MAR\") (EU) No. 596/2014, as incorporated into UK law by the European Union (Withdrawal) Act 2018. Upon the publication of this announcement, this inside information is now considered to be in the public domain.\n \n \n \n \n \n 15 June 2021\n \n \n Beowulf Mining plc\n \n \n (\"Beowulf\" or the \"Company\")\n \n \n Kallak Iron Ore Project - Letter to Minister Baylan\n \n \n \n \n \n Beowulf (AIM: BEM; Spotlight: BEO), the mineral exploration and development company, announces the Company has sent a letter from its CEO, Kurt Budge, to Sweden's Minister of Enterprise and Innovation, Ibrahim Baylan, concerning the status of Beowulf's Kallak application.\n \n \n The letter is reproduced in full below. \n \n \n \n \n \n Jokkmokk - 2021.06.14\n \n \n Näringsminister Ibrahim Baylan\n \n \n Näringsdepartementet\n \n \n Stockholm\n \n \n \n \n \n Näringsministern,\n \n \n \n \n \n On 8 June 2021, Beowulf Mining was notified by the Finansinspektionen, Sweden's financial supervisory authority, whose role is to promote stability and efficiency in Sweden's financial system as well as to ensure sustainability and an effective consumer protection, of UNESCO's letter regarding our Kallak Iron Ore Project (\"Kallak\") dated 2 June 2021.\n \n \n Finansinspektionen wrote that UNESCO's letter had been in the hands of members of the Swedish public (including elected Sami officials) for several days, with associated posts on social media.\n \n \n At the time, Beowulf had not received a copy of UNESCO's letter, but as the information was already in the public domain, with no explanation of its significance the market reacted strongly, left to draw its own conclusions. The Company's share price fell over 10 per cent last week.\n \n \n During the last six years, there have been several occasions where 'market sensitive' information has been made public before Beowulf has been informed. Each time damage has been caused to the Company's share price, individual's investments, including Swedish shareholders who now own 72 per cent of the Compa...