Notification of share transfer in connection with reverse share split

Reference is made to stock exchange releases in the period 5 to 8 December 2016 in connection with the reverse share split process in Nordic Mining ASA (“Nordic Mining”). The reverse share split was effective on 8 December 2016.

In accordance with the general meeting's resolution of 5 December 2016, Magil AS (“Magil”), a company wholly owned by CFO Lars K. Grøndahl, has transferred 1,599 shares in Nordic Mining to shareholders whose shares were rounded up to the nearest whole share after the reverse share split. The receiving shareholders will not pay any compensation for the received shares.

Subsequent of the transfer, Magil owns 1,298,401 shares in Nordic Mining. In addition, Lars K. Grøndahl through Magil has an option to buy 466,667 shares at a price of NOK 4.08 per share and an option to buy 100,000 shares at a price of NOK 8.16 per share.

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


Oslo, 13 December 2016
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 in Norway and internationally. The Company’s project portfolio is of high international standard and holds a significant economic potential. The Company’s assets are in the Nordic region.

Through the subsidiary Nordic Rutile AS Nordic Mining is undertaking a large-scale project development at Engebøfjellet in Sogn and Fjordane where the Company has rights and permits to a substantial eclogite deposit with rutile and garnet. Permits for the project have been granted by the Norwegian government. Nordic Mining has rights for exploration and production of high-purity quartz in Kvinnherad in Hordaland and develops the project through its subsidiary Nordic Quartz AS. Nordic Mining’s associated company Keliber Oy in Finland plans to start mining of lithium bearing spodumene and production of lithium carbonate. Nordic Mining holds exploration rights on the Øksfjord Peninsula in Troms and Finnmark, where the Company has discovered a prospective area of sulphide mineralisation. Through the subsidiary Nordic Ocean Resources AS, Nordic Mining is exploring opportunities related to seabed mineral resources.

Nordic Mining is listed on Oslo Axess with ticker symbol “NOM”.