Brief: Nordic Mining Conditionally Agrees A USD 55 Mln Investment From Fund Managed By Orion Resource Partners

Nordic Mining ASA

03/10/2022 07:06

Oct 3 (Reuters) - Nordic Mining ASA  NOM.OL :
    * CONDITIONALLY AGREES A USD 55 MILLION INVESTMENT FROM A
FUND
MANAGED BY ORION RESOURCE PARTNERS
    * THROUGH ITS WHOLLY OWNED SUBSIDIARY NORDIC RUTILE AS, HAS
CONDITIONALLY AGREED A USD 55 MILLION INVESTMENT FROM LEADING
MINING INVESTMENT FIRM ORION RESOURCE PARTNERS
    * PROPOSED INVESTMENT WILL COMPRISE OF A USD 50 MILLION
NON-DILUTIVE ROYALTY INSTRUMENT TO NORDIC RUTILE AS AND USD 5
MILLION IN EQUITY, WHICH WILL BE CONTRIBUTED TO NORDIC MINING
ASA
    * ISSUE OF A SENIOR SECURED BOND IN AMOUNT OF USD 100 TO 130
MILLION MAY FOLLOW IN DUE COURSE

Source text for Eikon:  ID:nObim31Wza 
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