Brief: Nordic Iron Ore Completes Directed Issue Of 31 Mln Shares

Nordic Iron Ore AB

20/06/2024 07:29

June 20 (Reuters) - Nordic Iron Ore AB  NIO.ST :
    * SAID ON WEDNESDAY THE BOARD OF DIRECTORS RESOLVED ON A
DIRECTED
SHARE ISSUE OF 30,780,223 NEW SHARES 
    * RAISES ABOUT SEK 163 MILLION 
    * THE SUBSCRIPTION PRICE WAS 5.3 SEK PER SHARE
    * DUE TO SIGNIFICANT INVESTOR INTEREST, THE DIRECTED SHARE
ISSUE
WAS INCREASED FROM WHAT WAS COMMUNICATED EARLIER 
    * OF GROSS PROCEEDS, SEK 9 MILLION IS INTENDED TO BE USED TO
REPAY
OUTSTANDING LOANS AND INTEREST TO KOPPARINVEST AB, BIZCAP AB AND
LUBRICA EQUITY

        
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