Nordic Iron Ore AB has in 2018 issued convertible debentures to Copperstone Resources with a due date 2020-06-11. The company is entitled to request conversion of all or part of the loan, including accrued interest, on the due date. The Board of Directors of Nordic Iron Ore has decided to call for full conversion and the entire loan debt, corresponding to SEK 7,990,219 including interest, will be converted to 885,834 new shares in Nordic Iron Ore AB (publ).

The full conversion to shares means that the number of shares in will increase by 885,834 from 30,369,470 to 31,255,304 and that the share capital will increase by SEK 1,536,242 from SEK 52,667,775 to SEK 54,204,018. Consequently, through the conversion of the convertible loan, a stock dilution of about 2.8 percent is created