Mandatory notification of trade
Reference is made to the stock exchange notice today regarding the final result of the Rights Issue in Nordic Mining ASA ("Nordic Mining" or the "Company").
Primary insiders in the Company have been allocated a total of 1,801,287 Offer Shares in the Rights Issue. All Offer Shares in the Rights Issue were subscribed at a price of NOK 1.40 per share.
Below is an overview of the allocation of Offer Shares to primary insiders in the Company:
| Name | Position | Number of shares allocated | New Shareholding | Options(5) |
| Kjell Roland | Chair of board | 15,488 | 90,475 | 0 |
| Kjell Sletsjøe | Board member | 3,700 | 21,676 | 0 |
| Eva Kaijser (1) | Board member | 16,362 | 110,472 | 0 |
| Ivar S. Fossum | CEO | 103,197 | 696,755 | 1,050,000 |
| Birte Norheim (2) | CFO | 10,983 | 64,327 | 575,000 |
| Lars K. Grøndahl (3) | Sr. Advisor | 175,000 | 1,725,000 | 400,000 |
| Kenneth N. Angedal | Project Mrg. Engebø | 7,822 | 45,822 | 400,000 |
| Mona Schanche | VP Exploration | 7,010 | 41,063 | 400,000 |
| Steinar Kleppe | Geologist | 645 | 3,788 | 175,000 |
| B-L Holding Company (4) | 1,461,080 | 9,864,734 | 0 |
(1) The shares are allocated to, and existing shares are owned by, the company Fågelsången AB
(2) The shares allocated to, and existing shares are owned by, the company Bino Consult AS
(3) The shares allocated to, and existing shares are owned by, the company Magil AS
(4) B-L Holding Company (Barton Group) has appointed an observer to the Board of Directors
(5) Each option gives the right to subscribe for one share in Nordic Mining at a subscription price of NOK 2.63 per share. The options must be exercised within the earlier of date of the general meeting of Nordic Mining in 2022 and 30 June 2022
For further information please contact Senior advisor Lars K. Grøndahl, telephone +47 90160941.
Oslo, 3 October 2019
Nordic Mining ASA
About 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 18.5% 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 and high-purity quartz.
Nordic Mining is listed on Oslo Axess with ticker symbol "NOM".