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Norwegian Mining Firm Secures $23M to Boost Bitcoin Reserves

  • Norwegian mining firm Green Minerals AS secures $23 million structured financing deal from LDA Capital to support its digital asset strategy.
  • The deal includes an 'At-the-Market' share issuance option to gradually sell new shares based on market conditions, aimed at preventing sudden dilution of shareholder value.
  • LDA Capital also obtains a 12-month call option to purchase up to 1% of Green Minerals' shares at NOK 6.95 each.
  • The flexible financing structure is seen as crucial for advancing Green Minerals' Bitcoin holdings strategy while maintaining long-term sustainability.

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