Nordic Mining ASA: Key information relating to subsequent offering to be carried out by Nordic Mining ASA
NOT FOR RELEASE, PUBLICATION OR DISTRIBUTION, IN WHOLE OR IN PART DIRECTLY OR INDIRECTLY, IN AUSTRALIA, CANADA, JAPAN OR THE UNITED STATES (OR ANY OTHER JURISDICTION IN WHICH THE RELEASE, PUBLICATION OR DISTRIBUTION WOULD BE UNLAWFUL). THIS ANNOUNCEMENT DOES NOT CONSTITUTE AN OFFER OF ANY OF THE SECURITIES DESCRIBED HEREIN.
Reference is made to the stock exchange notice from Nordic Mining ASA (the "Company") earlier today, regarding a private placement of 28,700,000 new shares in the Company (the "Private Placement") and a subsequent offering of 10,000,000 new shares at the same subscription price as in the Private Placement (the "Subsequent Offering").
Date on which the terms and conditions of the Subsequent Offering were announced: 28 January 2020
Last day including right: 28 January 2020
Ex-date: 29 January 2020
Record date: 30 January 2020
Maximum number of new shares: 10,000,000 new shares
Subscription price: NOK 2.00 per share
Other information: The Subsequent Offering is subject to approval from the general meeting and the publication of a prospectus approved by the Norwegian Financial Supervisory Authority. Notwithstanding the foregoing, the board of directors may, in its sole discretion, decide that the Company shall not carry out the Subsequent Offering. This information is published in accordance with the requirements of the Continuing Obligations. This information is subject of the disclosure requirements pursuant to section 5-12 of the Norwegian Securities Trading Act.
For additional information, please contact: Birte Norheim, CFO, + 47 95 29 33 21
Oslo, 28 January 2020
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.
Nordic Mining is listed on Oslo Axess with ticker symbol "NOM".