Keliber share issue of EUR 10m successfully completed
Accounting gain of ~ NOK 100m to Nordic Mining following reclassificationKeliber Oy (“Keliber”) has today successfully completed a share issue directed towards existing shareholders and employees with total gross proceeds of EUR 10 million at a share price of EUR 49 per share which implies a post-money valuation of EUR 63 million. Nordic Mining ASA did not participate in the share issue and has subsequently been diluted from 22% to 18.5% ownership. As a consequence, the investment in Keliber will be reclassified in the financial statements from an Associate to a Financial Asset Measured