Nordic Iron Ore raises loans of SEK 5 million
Nordic Iron Ore AB (the "Company") has decided to raise a loan of SEK 5 million, which adds additional working capital to the Company. With the capital increase, the Company gets the sufficient resources to efficiently analyze the results of the ongoing feasibility study for the restart of the mine in Blötberget. As previously announced, the study will be reported later in the current quarter. Summary of terms: · Loan agreements totaling SEK 5 million have been signed with three professional investors. · The loan has an annual interest rate of 12 percent.- The loan runs until