Brief: Nordic Mining Completes Drawdown Of $50 Million Royalty Instrument

Nordic Mining ASA

16/11/2023 07:39

Nov 16 (Reuters) - Nordic Mining ASA  NOM.OL :
    * COMPLETED DRAWDOWN OF USD 50 MILLION ROYALTY INSTRUMENT
    * SUBSIDIARY ENGEBØ RUTILE AND GARNET AS, HAS COMPLETED
DRAWDOWN
OF USD 50 MILLION NON-DILUTIVE ROYALTY INSTRUMENT FROM OMRF (ZR)
LLC WHICH IS MANAGED BY ORION RESOURCE PARTNERS GROUP
    * USD 50 MILLION DRAWDOWN IS PART OF USD 277 MILLION CAPITAL
COMPANY SECURED TO FULLY FINANCE ENGEBØ PROJECT
    * COMPANY IS CONTINUING CONSTRUCTION OF ENGEBØ PROJECT ON
COST AND
TIME AS PRESENTED 7 NOVEMBER 2023

Source text for Eikon:  ID:nObi37ZS9a 
Further company coverage:  NOM.OL 

 (Gdansk Newsroom)
 ((gdansk.newsroom@thomsonreuters.com; +48 58 7696600;))