Completed roadmap for the IRON TGE - Whitepaper due by the end of 9 July 2018

01.07.18 | Press releases

​Reference is made to the Oslo Stock Exchange notice on 11 June 2018. Element ASA ('Element' or the 'Company') is pleased to inform that it has completed its roadmap schedule for its first TGE (Token Generating Event for the IRON Token. The Whitepaper and other material will be published at the latest on the 9 July 2018 at the web-site: www.iron-tge.com

"This has been a challenging process, but finally the end is in sight", says Cecilie Grue, CEO of Element.

The company will following publishing of the Whitepaper, start the marketing of the Tokens through a pre-sale as is customary prior to the general TGE. The Company expects the pre-sale to be completed in approx. 60 days and the TGE in 30 days thereafter. Element is currently finalising agreements with service providers and potential partners and expect these to be finalized over the next month.

"As we have mentioned before, we see the IRON Token as a stepping stone to a large suite of different metal tokens and related products", says Lars Beitnes, Chairman of Element.

"We believe tokens that are linked to metals could be very important in the future, not just for Element, but for the whole token market", Beitnes continues.

This announcement is made in accordance with the Securities Trading Act Section 5-12.

Oslo, 2 July 2018

For further information, please contact:

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

Lars Beitnes
Chairman

Telephone: +356 7996 1497
E-mail: lcb@elementasa.com

Element ASA
Karenslyst Allé 53
0279 Oslo, Norway
Tel: +47 23 08 23 08
Email: ir@elementasa.com

About Element

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.