Nordic Mining announced on 16 December 2011 that the company will execute a rights issue with gross proceeds of up to NOK 36 million. The proceeds from the rights issue will be used for further development of the company’s projects and for general corporate purposes.
The subscription price is NOK 0.90 per share. Existing shareholders will receive 0.27497 subscription rights for every share held at the closing of Oslo Axess 15 December 2011 (as registered in VPS). One subscription right will entitle the holder to subscribe and receive allocation of one new share.

