Nordic Mining ASA: Second release of USD 30 million from the Bond Escrow Account completed
Nordic Mining ASA (“Nordic Mining” or the “Company”) is pleased to announce that the Company, through its wholly owned subsidiary Engebø Rutile and Garnet AS (“ERG”), has completed the second release of USD 30 million from the Escrow Account that holds the proceeds from the issuance of the USD 100 million senior secured bond (“Bond”). The second release is another important milestone for the Engebø Project as the independent engineer appointed on behalf of the bondholders confirmed for the second time that a cost-to-complete test has been satisfied, being a third-party assessment of the