Green Minerals AS: Directed equity issue to Oil States Industries (UK) Ltd

Key points

  • Green Minerals issued the final tranche of shares to Oil States Industries (UK) Ltd on 1 August 2024 at NOK 15 per share.
  • OSI now holds 580,000 shares, approximately 4.0% of the issued shares in the company.
  • The share capital increase has been registered with the Norwegian Register of Business Enterprises.
  • The company’s new registered share capital is NOK 43,879.20 divided into 14,626,400 shares with a par value of NOK 0.003 each.

Oslo, Norway – 1 August 2024 – Reference is made to the 29 August 2022 and 30 June 2023 press releases regarding a MoU with Oil States Industries (UK) Ltd (“OSI”). Green Minerals (the “Company”) has today issued the final tranche of shares to OSI at NOK 15 per share. The shares are expected to be registered with VPS shortly. Following this transaction, OSI holds 580,000 shares or approximately 4.0% of the issued shares in the Company.

The share capital increase has been registered with the Norwegian Register of Business Enterprises. The new registered share capital of the Company is NOK 43,879.20 divided on 14,626,400 shares, each with a par value of NOK 0.003.

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