By Devika Patel
Knoxville, Tenn., Nov. 11 - Nordic Oil and Gas Ltd. said it has arranged a C$2 million non-brokered private placement of units.
The company will sell 20 million units of one flow-through class A common share and a half-share warrant at C$0.10 apiece. Each whole warrant is exercisable at C$0.11 for one year.
Nordic is an oil and gas company based in Winnipeg, Man.
Issuer: | Nordic Oil and Gas Ltd.
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Issue: | Units of one flow-through class A common share and a half-share warrant
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Amount: | C$2 million
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Units: | 20 million
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Price: | C$0.10
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Warrants: | One half-share warrant per unit
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Warrant expiration: | One year
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Warrant strike price: | C$0.11
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Agent: | Non-brokered
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Pricing date: | Nov. 11
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Stock symbol: | TSX Venture: NOG
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Stock price: | C$0.10 at close Nov. 10
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Market capitalization: | C$5.07 million
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