By Sheri Kasprzak
Atlanta, June 30 - Northern Oil ASA said it has closed a private placement for NOK107.45 million.
The company sold 30.7 million shares at NOK 3.50 each after the close of business on Wednesday.
The proceeds will be used to finance the company's acquisition of Mid American Natural Resources Inc. for $6.75 million
Carnegie ASA was the lead agent in the offering with Pareto Securities ASA and Terra Securities as co-lead agents.
Based in Lysaker, Norway, Northern Oil is an oil and natural gas exploration company.
| Issuer: | Northern Oil ASA
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| Issue: | Stock
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| Amount: | NOK 107.45 million
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| Shares: | 30.7 million
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| Price: | NOK 3.50
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| Warrants: | No
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| Placement agents: | Carnegie ASA (lead); Pareto Securities ASA; and Terra Securities
|
| Settlement date: | June 30
|
| Stock price: | NOK 3.51 at close June 30
|
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