Brief: Nordic Iron Ore Resolves On Rights Issue Of SEK 20 Mln

Nordic Iron Ore AB

11/11/2019 06:34

Nov 11 (Reuters) - Nordic Iron Ore AB  NIO.ST :
    * SAID ON FRIDAY RESOLVED ON A RIGHTS ISSUE WITH
PREFERENTIAL
RIGHT FOR COMPANY'S EXISTING SHAREHOLDERS OF UP TO 7,991,277 NEW
SHARES
    * AT FULL SUBSCRIPTION WILL RAISE APPROXIMATELY SEK 20.0 MLN
BEFORE TRANSACTIONS COSTS
    * ADDITIONALLY, THE BOARD OF DIRECTORS MAY RESOLVE ON AN
OVERALLOTMENT ISSUE OF UP TO 5,0 MSEK
    * SUBSCRIPTION PRICE IN THE RIGHTS ISSUE AND OVERALLOTMENT
ISSUE
IS SEK 2.50 PER SHARE
    * COMPANY RECEIVED SUBSCRIPTION COMMITMENTS AND UNDERWRITING
COMMITMENTS OF SEK 20.0 MLN IN TOTAL, CORRESPONDING TO 100
PERCENT OF THE RIGHTS ISSUE
    * SUBSCRIPTION PERIOD IN THE RIGHTS ISSUE IS NOVEMBER 19TH
TO
DECEMBER 9TH, 2019

Source text for Eikon:  ID:nWkr7tC79r 
Further company coverage:  NIO.ST 

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