CEO subscribes for shares in the Subsequent Offering

CEO Ivar S. Fossum has today subscribed 50,000 shares in the ongoing Subsequent Offering in Nordic Mining at a subscription price of NOK 3.20 per share. Fossum has been allocated 14,501 subscription rights, and he will receive 14,501 shares in the issue. In addition, Fossum may be allocated up to 35,499 shares based on the subscription for shares without subscription rights.

Ivar S. Fossum owns 437,182 shares in Nordic Mining prior to the transaction.

Further, Fossum has been awarded an option to buy 600,000 shares in Nordic Mining at a price of NOK 4.08 per share and an option to buy 300,000 shares at a price of NOK 8.16 per share. The options may be exercised until 18 May 2018.

For questions please contact CFO Lars K. Grøndahl, telephone +47 901 60 941.

Oslo, 22 January 2018
Nordic Mining ASA