Norsk Titanium AS: Share capital increase registered
2023-11-13 20:13:44
Oslo, Norway, 13 November 2023: Reference is made to the stock exchange notice
by Norsk Titanium AS ("Norsk Titanium" or the "Company") published on 3 November
2023 regarding a bridge loan of NOK 21.9 million from White Crystals Ltd. The
loan from White Crystals is non-interest bearing but the Company has paid a
one-time facilitation fee equal to 250,000 common shares, resolved issued by the
Board of Directors of Norsk Titanium at a subscription price of NOK 0.08,
pursuant to an authorisation to increase the share capital granted by an
extraordinary general meeting on 11 April 2023.
The issuance of the 250,000 new shares as resolved by the Board of Directors has
been registered with the Norwegian Register of Business Enterprises. Following
registration, the share capital of Norsk Titanium is NOK 21,601,452.32 divided
into 270,018,154 shares, each share having a par value of NOK 0.08 and carrying
one vote in the Company's general meeting.
For more information, please contact:
John Andersen, Chairman of Norsk Titanium AS
Email: John.Andersen@scatec.no
Tel: +47 90 17 40 80
Ashar Ashary, CFO of Norsk Titanium AS
Email: Ashar.Ashary@norsktitanium.com
Tel: +1 518 556 8966
About Norsk Titanium:
Norsk Titanium is a global leader in metal 3D printing, innovating the future of
metal manufacturing by enabling a paradigm shift to a clean and sustainable
manufacturing process. With its proprietary Rapid Plasma Deposition® (RPD®)
technology and 700 MT of production capacity, Norsk Titanium offers
cost-efficient 3D printing of value-added metal parts to a large addressable
market. RPD® technology uses significantly less raw material, energy, and time
than traditional energy-intensive forming methods, presenting customers with an
opportunity to better manage input costs, logistics, and environmental impact.
RPD® printed parts are already flying on commercial aircraft, and Norsk Titanium
has gained significant traction with large defense and industrial customers.
For the latest news, go to www.norsktitanium.com or follow us on LinkedIn.
This information is subject to the disclosure requirements pursuant to Euronext
Growth Oslo Rule Book - Part II.