Offering, at NOK 1.45 per share, funds project development, expenses
By Devika Patel
Knoxville, Tenn., Jan. 18 - Nordic Mining ASA announced it completed a private placement of shares on Monday. The deal raised NOK 18.13 million.
The company sold 12.5 million shares at NOK 1.45 each.
The placement was managed by Carnegie ASA.
Proceeds will be used for development of the Engebø, Keliber and Gudvangen projects, as well as for general business development and corporate expenses.
Nordic is an Oslo, Norway-based mining company.
| Issuer: | Nordic Mining ASA
|
| Issue: | Stock
|
| Amount: | NOK 18,125,000
|
| Shares: | 12.5 million
|
| Price: | NOK 1.45
|
| Warrants: | No
|
| Bookrunners: | Carnegie ASA
|
| Pricing date: | Jan. 17
|
| Stock symbol: | Oslo: NOM
|
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