Nordic Iron Ore AB decides on a private placement to Whittle Consulting
The Board of Directors of Nordic Iron Ore AB (publ) has today decided to settle the outstanding debt for the optimization study carried out by Whittle by set-off to newly issued sharesIn May 2020, Nordic Iron Ore AB retained Whittle Consulting (“WCPL”), a consulting firm specializing in strategic planning of mining operations, based in Australia, to conduct an optimization study for the project in Blötberget. According to the assignment agreement, WCPL has the right to receive at least approx. half of its fee in the form of newly issued shares. According to the agreement, the issue price