Brief: Nordic Iron Ore: Private Placement To Whittle Consulting

Nordic Iron Ore AB

08/12/2020 07:33

Dec 8 (Reuters) - Nordic Iron Ore AB (publ)  NIO.ST :
    * SAID ON MONDAY DECIDED TO SETTLE OUTSTANDING DEBT FOR
OPTIMIZATION STUDY CARRIED OUT BY WHITTLE CONSULTING BY SET-OFF
TO NEWLY ISSUED SHARES
    * ACCORDING TO AGREEMENT BETWEEN CO AND WHITTLE, ISSUE PRICE
SHALL
CORRESPOND TO VOLUME WEIGHTED AVERAGE TRADING PRICE FOR 30 DAYS
IMMEDIATELY BEFORE COMPLETION OF ASSIGNMENT, HOWEVER, WITH
MINIMUM OF SEK 2.50 PER SHARE
    * TO ALLOT SHARES CORRESPONDING TO ABOUT SEK 6 MLN VIA
SET-OFF
ISSUE TO 2.3 MLN NEW SHARES 
    * ISSUE CREATES SHARE DILUTION OF ABOUT 6.9%

    
    
 Source text for Eikon:  urn:newsml:reuters.com:*:nWkrccrL35
 Further company coverage:  NIO.ST  
   


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