Snellman advised Gruvaktiebolaget Viscaria, a company listed on Nasdaq Stockholm Main Market and scaling up to become a modern and responsible producing mining company through the reopening of the Viscaria mine in Kiruna, on its rights issue of 90,120,964 new shares, raising approximately SEK 850 million before set-off of certain shareholder loans and before transaction costs. Combined with the private placement of new shares carried out by Viscaria ahead of the rights issue, in which Snellman also advised Viscaria, the company raised approximately SEK 1.65 billion. Handelsbanken Markets and Skandinaviska Enskilda Banken AB acted as financial advisers in the rights issue.

Snellman’s core advisory team comprised Christoffer Saidac, Emma Greiff, Lisa Kindstedt, Anton Eriksson, and Agnes Svensson Backlund.