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Nordic Resources Limited (ASX:NNL)

ALERT: Price-sensitive ASX Announcement for NNL
Current share price for NNL : $0.205 -0.06 (-22.64%)+
Announcement
Release
22 Oct 2025 9:26AM
Price at Release
$0.265
Full Release
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Summary
Nordic Resources Limited announced the successful completion of a A$8.5 million institutional placement, conducted at a premium to the 15-day VWAP. The funds will be utilized for gold exploration and project development in Finland, specifically targeting the Kopsa, Kiimala, and Hirsikangas gold projects. The placement was well-supported by Australian resource specialist funds and involved issuing new shares at A$0.22 per share. The raised capital will aid ongoing exploration and pre-production project requirements, as well as metallurgical testing for the Kopsa project.
Key Points
  • Completion of A$8.5 million institutional placement at a premium to 15-day VWAP.
  • Funds to support gold exploration and development at Finnish projects.
  • Projects targeted include Kopsa, Kiimala, and Hirsikangas.
  • Placement involved issuing new shares at A$0.22 each.
  • Well-supported by Australian resource specialist funds.
  • Funds to aid ongoing exploration and pre-production requirements.
  • Metallurgical testing planned for the Kopsa project.
IMPORTANT NOTE: This information is autogenerated and has not been reviewed for accuracy or completeness. You should refer to the full announcement here for further information.