By Sheri Kasprzak
New York, June 8 - Eastern Drilling ASA settled a NOK 1,199,999,970 private placement of its stock.
The company sold 13,333,333 shares at NOK 90 each to a group of professional Norwegian and international investors.
First Securities ASA was the bookrunner with Carnegie ASA and Fearnley Fonds ASA as co-agents.
The proceeds will be used for drilling on the company's option rig to be built at Samsung Heavy Industries in Korea.
Following the offering, the number of issued shares increases to 33,357,333 from 20,024,000.
Eastern Drilling is an Oslo, Norway-based oil and natural gas explorer.
| Issuer: | Eastern Drilling ASA
|
| Issue: | Stock
|
| Amount: | NOK 1,199,999,970
|
| Shares: | 13,333,333
|
| Price: | NOK 90
|
| Warrants: | No
|
| Placement agents: | First Securities ASA (lead), Carnegie ASA and Fearnley Fonds ASA
|
| Settlement date: | June 7
|
| Stock symbol: | Oslo: EDRILL
|
| Stock price: | NOK 101.75 at close June 7
|
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