Nordic Iron Ore AB decides on the conversion of outstanding loans
The Board of Directors of Nordic Iron Ore AB (publ) has decided to regulate outstanding convertible debt through conversion to newly issued shares.Nordic Iron Ore AB has in 2018 issued convertible debentures to Copperstone Resources with a due date 2020-06-11. The company is entitled to request conversion of all or part of the loan, including accrued interest, on the due date. The Board of Directors of Nordic Iron Ore has decided to call for full conversion and the entire loan debt, corresponding to SEK 7,990,219 including interest, will be converted to 885,834 new shares in Nordic Iron Ore