Summons for Extraordinary General Meeting 5 December 2016
Reference is made to stock exchange release dated 14 November 2016 regarding
summons for an extraordinary general meeting of the shareholders in Nordic
Mining ASA to be held 5 December 2016.
The agenda for the general meeting is a proposal for reverse share split. The
background for the proposal is to meet the requirements set out in Oslo Stock
Exchange's continuing obligations in respect of minimum market value of the
company's shares. Based on feedback from shareholders on the earlier proposed
reversed share split, the Board of Directors proposes that the general meeting
resolves that the reverse share split shall be made in the ratio 6:1 and not, as
originally proposed, in the ratio 2:1.
Based on the above, the Board of Directors proposes that section 4 of the
Articles of Association of the company is amended to read:
"The share capital is NOK 51,723,280.80 divided on 86,205,468 shares, each with
a nominal value of NOK 0.60. The shares shall be registered in the Securities
For questions please contact CFO Lars K. Grøndahl on telephone +47 901 60 941.
Oslo, 29 November 2016
Nordic Mining ASA
Nordic Mining ASA (www.nordicmining.com)
Nordic Mining ASA ("Nordic Mining" or "the Company") is a resource company with
focus on high-end industrial minerals and metals in Norway and internationally.
The Company's project portfolio is of high international standard and holds a
significant economic potential. The Company's assets are in the Nordic region.
Through the subsidiary Nordic Rutile AS Nordic Mining is undertaking a large
-scale project development at Engebøfjellet in Sogn and Fjordane where the
Company has rights and permits to a substantial eclogite deposit with rutile and
garnet. Permits for the project have been granted by the Norwegian government.
Nordic Mining has rights for exploration and production of high-purity quartz in
Kvinnherad in Hordaland and develops the project through its subsidiary Nordic
Quartz AS. Nordic Mining's associated company Keliber Oy in Finland plans to
start mining of lithium bearing spodumene and production of lithium carbonate.
Nordic Mining holds exploration rights on the Øksfjord Peninsula in Troms and
Finnmark, where the Company has discovered a prospective area of sulphide
mineralisation. Through the subsidiary Nordic Ocean Resources AS, Nordic Mining
is exploring opportunities related to seabed mineral resources.
Nordic Mining is listed on Oslo Axess with ticker symbol "NOM".