Green Minerals ASA: Preliminary results of the rights issue
NOT FOR DISTRIBUTION OR RELEASE, IN WHOLE OR IN PART, DIRECTLY OR INDIRECTLY, IN OR INTO THE UNITED STATES OF AMERICA, AUSTRALIA, CANADA, HONG KONG OR JAPAN, OR ANY OTHER JURISDICTION IN WHICH THE DISTRIBUTION OR RELEASE WOULD BE UNLAWFUL. THIS ANNOUNCEMENT DOES NOT CONSTITUTE AN OFFER OF ANY OF THE SECURITIES DESCRIBED HEREIN.
Oslo, 11 March 2025: Reference is made to the stock exchange announcement
published by Green Minerals AS (the "Company") on 18 February 2025 regarding an underwritten
rights issue of up to 5.5 million new shares in the Company (the "Offer Shares"), at a
subscription price of NOK 2 per share (the "Rights Issue").
The subscription period for the Rights Issue expired today, on 11 March 2025
at 16:30 hours (CET).
The Rights Issue has been oversubscribed and the Company expects to issue the maximum 5.5 million Offer Shares.
The final allocation of the Offer Shares will take place tomorrow, 12 March 2025. The final result of the Rights Issue will be published shortly thereafter, and letters regarding
the allocation of the Offer Shares and the corresponding subscription amount to
be paid by each subscriber are expected to be distributed during the course of 12 March 2025.
The due date for payment of the Offer Shares is 14 March 2025.
Fearnley Securities AS was retained as manager for the Rights Issue. Advokatfirmaet Schjødt AS is legal advisor to the Company.
This information is subject to the disclosure requirements in article 19 of the Market Abuse Regulation and section 5-12 of the Norwegian Securities Trading Act, and was published by Sveinung Alvestad, CFO, at the date and time provided.
Contacts * Ståle Rodahl, Executive Chairman, Green Minerals AS, +47 4840 0593, staale.rodahl@greenminerals.no
About Green Minerals AS:
Green Minerals AS mission is to deliver minerals for the green energy transition in a responsible and sustainable manner through deep sea mining of critical minerals and rare earth elements (REE). This significantly reduces the social and environmental costs found in terrestrial mining while at the same time solving a strategic need for EU and the USA. For more, visit www.greenminerals.no - http://www.greenminerals.no
Important information
The release is not for publication or distribution, in whole or in part directly or indirectly, in or into Australia, Canada, Japan or the United States (including its territories and possessions, any state of the United States and the District of Columbia). This release is an announcement issued pursuant to legal information obligations. It is issued for information purposes only, and does not constitute or form part of any offer or solicitation to purchase or subscribe for securities, in the United States or in any other jurisdiction. The securities mentioned herein have not been, and will not be, registered under the United States Securities Act of 1933, as amended (the "US Securities Act"). The securities may not be offered or sold in the United States except pursuant to an exemption from the registration requirements of the US Securities Act.
The Company does not intend to register any portion of the offering of the securities in the United States or to conduct a public offering of the securities in the United States. Copies of this announcement are not being made and may not be distributed or sent into Australia, Canada, Japan or the United States.
Any offering of the securities referred to in this announcement will be made by means of public information and in reliance on relevant prospectus exemptions. This announcement is an advertisement and is not a prospectus for the purposes of Regulation (EU) 2017/1129 of the European Parliament and of the Council of 14 June 2017 on prospectuses to be published when securities are offered to the public or admitted to trading on a regulated market, and repealing Directive 2003/71/EC (as amended) as implemented in any Member State. Investors should not subscribe for any securities referred to in this announcement except on the basis of such information which the Company has placed in the public domain.
The issue, subscription or purchase of shares in the Company is subject to specific legal or regulatory restrictions in certain jurisdictions. Neither the Company nor the managers assume any responsibility in the event there is a violation by any person of such restrictions. The distribution of this release may in certain jurisdictions be restricted by law. Persons into whose possession this release comes should inform themselves about and observe any such restrictions. Any failure to comply with these restrictions may constitute a violation of the securities laws of any such jurisdiction.
The manager is acting for the Company and no one else in connection with the Rights Issue and will not be responsible to anyone other than the Company providing the protections afforded to their respective clients or for providing advice in relation to the offering and/or any other matter referred to in this release.
Forward-looking statements: This release and any materials distributed in connection with this release may contain certain forward-looking statements. By their nature, forward-looking statements involve risk and uncertainty because they reflect the Company's current expectations and assumptions as to future events and circumstances that may not prove accurate. A number of material factors could cause actual results and developments to differ materially from those expressed or implied by these forward-looking statements.
Disclosure regulation
This information is subject to the disclosure requirements in article 19 of the Market Abuse Regulation and section 5-12 of the Norwegian Securities Trading Act.
Contacts
- Ståle Rodahl, Executive Chairman, Green Minerals AS, +47 4840 0593, staale.rodahl@greenminerals.no