Keliber share issue of approximately EUR 6m successfully completed
Keliber Oy (“Keliber”) has successfully raised EUR 5.8 million through a directed share issue to the current shareholders and employees.
In total 174,718 new shares were subscribed. Nordic Mining ASA did not participate in the share issue and has subsequently been diluted from 18.5% to 16.3% ownership.
Subsequent of the share issue the total number of outstanding shares in Keliber is 1,465,585.
Keliber’s full announcement is available at https://www.keliber.fi/en/investors/news-releases-and-publications/.
Oslo, 20 March 2020
Nordic Mining ASA
Nordic Mining ASA (www.nordicmining.com)
Nordic Mining ASA (“Nordic Mining” or the “Company”) is a resource company with focus on high-end industrial minerals and metals. The Company’s project portfolio is of high international standard and holds significant economic potential. The Company’s assets are in the Nordic region.
Nordic Mining is undertaking a large-scale project development at Engebø on the west coast of Norway where the Company has rights and permits to a substantial eclogite deposit with rutile and garnet. Nordic Mining also holds 16.3% of the shares in Keliber Oy, which is developing a lithium project in Finland to become the first European producer of battery grade lithium hydroxide.
In addition, Nordic Mining holds interests in other initiatives at various stages of development. This includes patented rights for a new technology for production of alumina and exploration of seabed minerals.
Nordic Mining is listed on Oslo Axess with ticker symbol “NOM”.