Nasdaq Stockholm Welcomes Nordic Iron Ore to First North
Stockholm, October 1, 2018— Nasdaq (Nasdaq: NDAQ) announces that the trading in Nordic Iron Ore AB’s shares (short name: NIO) will commence today on Nasdaq First North in Stockholm. Nordic Iron Ore belongs to the basic materials sector and is the 60th company to be admitted to trading on Nasdaq’s Nordic markets* in 2018.
Nordic Iron Ore is a mining development company that aims to resume and develop iron ore production at the Ludvika Mines in Blötberget and Håksberg. In addition, the company aims to develop the intermediate Väsman iron field. The company has all the necessary permits in place for the mine in Blötberget, and will be able to produce iron ore of extremely high quality from significant mineral resources. For more information, please visit www.nordicironore.se
“We see the fact that Nasdaq has now approved us for listing as a seal of approval, and the company is looking forward to operating in a listed environment,” said Lennart Eliasson, CEO of Nordic Iron Ore. “We are confident that the listing on Nasdaq First North will raise awareness of the company’s operations and also enhance the company's brand.”
”We welcome Nordic Iron Ore to Nasdaq First North,” said Adam Kostyál, SVP and Head of European Listings, Nasdaq. “Nordic Iron Ore will make a compelling addition to our basic materials sector, and we look forward to supporting them on their continued journey as a publicly traded company.”
Nordic Iron Ore AB has appointed Wildeco Ekonomisk Information AB as the Certified Adviser.
*Main markets and Nasdaq First North at Nasdaq Copenhagen, Nasdaq Helsinki, Nasdaq Iceland and Nasdaq Stockholm.
About Nasdaq First North
Nasdaq First North is regulated as a multilateral trading facility, operated by the different exchanges within Nasdaq Nordic (Nasdaq First North Denmark is regulated as an alternative marketplace). It does not have the legal status as an EU-regulated market. Companies at Nasdaq First North are subject to the rules of Nasdaq First North and not the legal requirements for admission to trading on a regulated market. The risk in such an investment may be higher than on the main market.
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