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Published on 11/30/2009 in the Prospect News PIPE Daily.

New Issue: NorDiag announces NOK 42 million private placement of ordinary stock

By Devika Patel

Knoxville, Tenn., Nov. 30 - NorDiag ASA said it has arranged a NOK 42 million private placement of shares.

The company will sell 42 million ordinary shares at NOK 1.00 per share.

The private placement will be managed by DnB NOR Markets.

NorDiag, based in Bergen, Norway, and in London, is a biotechnology company aiming to reduce mortality and treatment costs through detection of common cancers at the early, curable phases of cancer development.

Issuer:NorDiag ASA
Issue:Ordinary stock
Amount:NOK 42 million
Shares:42 million
Price:NOK 1.00
Warrants:No
Manager:DnB NOR Markets
Pricing date:Nov. 30
Stock symbol:Oslo: NORD

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