Nordic Mining ASA: Additional information on Convertible Loan
Nordic Mining ASA (“Nordic Mining” or the “Company”) provides additional information in relation to the previously announced Convertible Loan of NOK 132.5 million.
Subject to any adjustments disclosed in the key terms and conditions enclosed the previous release the conversion price shall be NOK 3.355 per share. NOK 3.355 per share is the 20 days Volume Weighted Average Price (“VWAP”) as of the stock market close on 10 January 2022. This share price represents a premium of 2% to the 30 days VWAP of NOK 3.288 per share and a discount of 16% to stock market close on 10 January 2022 of NOK 3.975 per share.
Oslo, 11 January, 2022
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 12.7% 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 Euronext Expand Oslo with ticker symbol “NOM”.