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UNLAWFUL. THIS ANNOUNCEMENT DOES NOT CONSTITUTE AN OFFER OF ANY OF THE
SECURITIES DESCRIBED HEREIN.
Nordic Mining ASA (“Nordic Mining” or the “Company”) has retained Clarksons
Platou Securities AS and Swedbank Norge, branch of Swedbank AB (publ) in
cooperation with Kepler Cheuvreux as Joint Lead Managers and Bookrunners to
advise on and effect a private placement directed towards Norwegian and
international investors, in each case subject to and in compliance with
applicable exemptions from relevant prospectus, filing and registration
requirements (the “Private Placement”).
The Company is offering up to 12,950,000 new shares in the Private Placement,
representing up to approximately 9.9% of the outstanding capital of the Company.
The subscription price in the Private Placement will be determined through an
accelerated bookbuilding process to be conducted by the Managers. The minimum
application and allocation amount has been set to the NOK equivalent of EUR
100,000. The Company may however, at its sole discretion, allocate an amount
below EUR 100,000 to the extent applicable exemptions from the prospectus
requirement pursuant to the Norwegian Securities Trading Act and ancillary
regulations are available.
The application period for the Private Placement opens today at 16:30 CEST and
closes 29 May 2019 at 08:00 CEST (the “Application Period”). The Managers and
the Company may, however, at any time and for any reason resolve to close or
extend the Application Period at their sole discretion and on short notice.
The Company has received pre-subscriptions of a total of NOK 13 million from the
Barton Group and Verdipapirfondet Nordea Avkastning with NOK 8 and NOK 5 million
respectively. Barton Group is the leading US garnet producer and distributor and
has signed a Heads of Agreement related to offtake and commercial cooperation
for garnet with Nordic Mining.
The proceeds from the Private Placement will be used primarily to finance the
Company’s ongoing Definitive Feasibility Study of the Engebø project and general
corporate purposes. The Definitive Feasibility Study’s main purpose is to
qualify the project for bankability.
In addition to the financing of the Engebø project, the Company will, both in
the near and long-term horizon continue to assess opportunities including
possible acquisitions and possible divestments. Such potential investments or
acquisitions may need to be financed by new equity.
The allocation of new shares in the Private Placement will be made at the
discretion of the Company’s Board of Directors in consultation with the Joint
Lead Managers. Completion of the Private Placement is subject to approval by the
Board of Directors of the Company following the end of the Application Period.
An updated Company presentation is attached to this notice. For further
information, please contact: Birte Norheim (CFO) at +47 9529 3321 or
birte.norheim@nordicmining.com.
Oslo, 28 May 2019
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 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 which are jointly owned with the Institute for Energy
Technology. The Group has also taken initiatives related to seabed mineral
exploration in Norway and participates in the MarMine research project. Further,
the Group is investigating a high-quality quartz deposit in Kvinnherad in
western Norway and holds exploration rights for nickel and PGE in a prospective
geologic province in Reinfjord in northern Norway.
Nordic Mining is listed on Oslo Axess with ticker symbol “NOM”.
Important information:
This document is not an offer to sell or a solicitation of offers to purchase or
subscribe for shares. Copies of this document may not be sent to jurisdictions,
or distributed in or sent from jurisdictions, in which this is barred or
prohibited by law. The information contained herein shall not constitute an
offer to sell or the solicitation of an offer to buy, in any jurisdiction in
which such offer or solicitation would be unlawful absent registration, or an
exemption from registration or qualification under the securities laws of any
jurisdiction.
This document is not for publication or distribution in the United States of
America, Canada, Australia, South Africa or Japan and it does not constitute an
offer or invitation to subscribe for or purchase any securities in such
countries or in any other jurisdiction. This document is not an offer for sale
of securities in the United States of America. The securities referred to herein
have not been and will not be registered under the Securities Act, or the laws
of any state, and may not be offered or sold in the United States of America
absent registration under or an exemption from registration under the Securities
Act. The Company does not intend to register any part of the Private Placement
in the United States of America.
The information contained herein does not constitute an offer of securities to
the public in the United Kingdom. No prospectus offering securities to the
public will be published in the United Kingdom. This document is only being
distributed to and is only directed at (i) persons who are outside the United
Kingdom or (ii) to investment professionals falling within article 19(5) of the
Financial Services and Markets Act 2000 (Financial Promotion) Order 2005 (the
“Order”) or (iii) high net worth entities, and other persons to whom it may
lawfully be communicated, falling within article 49(2)(a) to (d) of the Order
(all such persons together being referred to as “relevant persons”). The
securities are only available to, and any invitation, offer or agreement to
subscribe, purchase or otherwise acquire such securities will be engaged in only
with, relevant persons. Any person who is not a relevant person should not act
or rely on this document or any of its contents.
The Joint Lead Managers are acting for the Company in connection with the
Private Placement and no one else and will not be responsible to anyone other
than the Company for providing the protections afforded to their respective
clients or for providing advice in relation to the Private Placement or any
transaction or arrangement referred to in this press release.
http://www.netfonds.no/quotes/release.php?id=20190528.OBI.20190528S97
