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10/11-2017 17:41:02: (ELE) Draw-down of Tranche 3 of the convertible loan in Element ASA

Reference is made to the stock exchange release 7 November 2017 regarding the
convertible loan facility with warrants (the 'Convertible Loan Facility')
entered into with Blue Ocean Advisors Inc ('BO'), stating that Element ASA ('the
Company') has agreed to draw down a total of three tranches for a total
investment of NOK 15 million. In accordance with the agreement, the Company has
today submitted a request to BO for the disbursement of Tranche 3. 

Tranche 3 will be made as follows:

-	Amount: NOK 5 million 
-	Conversion price: NOK 2.00, but becoming floating in accordance with the
Convertible Loan Facility from and including 17 November 2017
-	Number of warrants to be issued: 1,250,000 
-	Warrant exercise price: NOK 2.00.

Oslo, 10 November 2017

For further information, please contact:

Cecilie Grue
Acting Chief Executive Officer
Telephone: +47 991 62 486
E-mail: cg@elementasa.com

Lars Beitnes 
Chairman of the Board of Directors
Telephone: +356 7996 1497 
E-mail: lcb@elementasa.com

This information is subject to the disclosure requirements pursuant to Section
5-12 of the Norwegian Securities Trading Act.

About Element ASA
Element is an innovative project investment company within the mineral sector,
which continuously strives to create shareholder value at the lowest possible
risk. The company has as strategy to identify undervalued projects, closing in
on cash flow, where infrastructure and other basic work, if necessary, have in
large, been completed. The company's special focus is linked to projects within
new, and usually ground breaking technology, within its niches.

Ekstern link: http://www.newsweb.no/index.jsp?messageId=438487

Nyheten er levert av OBI.

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torsdag 23/11-2017 19:32:07