Contemplated Private Placement of Equity
(Thomson Reuters ONE) -
DNO International ASA has retained ABG Sundal Collier Norge ASA as Lead Manager
and sole bookrunner and DnB NOR Markets as Co-Manager to advise on and effect a
contemplated private placement of up to 45 million new shares directed towards
Norwegian and international institutional investors in such jurisdictions as
permitted or catered for by exemption rules under applicable securities laws
(the "Private Placement").
The Private Placement will be carried out through a book-building process, and
will consist of up to 45 million new shares, equivalent to approximately 5% of
the number of outstanding shares in DNO International ASA. The minimum
subscription and allocation is the NOK or share equivalent to EUR 50,000.
Use of proceeds from the private placement will be exploration and appraisal
drilling beyond the current investment plans, new license entries and general
corporate purposes.
The book-building period will commence today 17 November 2010 at 17:30 CET and
close on 18 November 2010 at 07:30 CET. The Company may, however, at any time
resolve to close or extend the book-building period at its own discretion and
for any reason.
The new shares to be issued in connection with the Private Placement will be
issued pursuant to the authorization granted to the Board of Directors at the
annual general meeting on 18 June 2009.
Oslo, 17 November 2010
DNO International ASA
Corporate Communications
Contacts:
Media:
Communication Director Tom Bratlie
Phone: +47 905 21 904
Financial market:
CFO Haakon Sandborg
Phone: +47 23 23 84 80
IMPORTANT NOTICE:
This notice is not for distribution to United States new services or for
dissemination in the United States, Canada, Japan or Australia or elsewhere
where such dissemination is not appropriate.
The contents of this announcement have been prepared by and are the sole
responsibility of DNO International ASA ("DNO"). ABG Sundal Collier Norge ASA
and DnB NOR Markets are acting exclusively for DNO and no one else and will not
be responsible to anyone other than DNO for providing the protections afforded
to their respective clients, or for advice in relation to the contemplated
Private Placement and the contents of this announcement or any of the matters
referred to herein.
The distribution of this announcement and other information in connection with
the Private Placement may be restricted by law in certain jurisdictions.
Persons into whose possession this announcement or such other information should
come are required to inform themselves about and to observe any such
restrictions.
This announcement may not be used for, or in connection with, and does not
constitute, any offer to sell, or an invitation to purchase, any securities. The
Private Placement will not be made in any jurisdiction or in any circumstances
in which such offer or solicitation would be unlawful.
The securities referred to herein have not been and will not be registered under
the US Securities Act of 1933, as amended, and may not be offered or sold in
the United States or to US persons unless the securities are registered under
the Securities Act, or an exemption from the registration requirements of the
Securities Act is available. No public offering of the securities will be made
in the United States.
This information is subject of the disclosure requirements acc. to §5-12 vphl
(Norwegian Securities Trading Act)
[HUG#1463560]
Contemplary Private Placement of Equity:
http://hugin.info/36/R/1463560/402265.pdf
This announcement is distributed by Thomson Reuters on behalf of
Thomson Reuters clients. The owner of this announcement warrants that:
(i) the releases contained herein are protected by copyright and
other applicable laws; and
(ii) they are solely responsible for the content, accuracy and
originality of the information contained therein.
Source: DNO International ASA via Thomson Reuters ONE
Unternehmensinformation / Kurzprofil:
Datum: 17.11.2010 - 17:32 Uhr
Sprache: Deutsch
News-ID 48873
Anzahl Zeichen: 4557
contact information:
Town:
Oslo
Kategorie:
Business News
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Die Pressemitteilung mit dem Titel:
"Contemplated Private Placement of Equity"
steht unter der journalistisch-redaktionellen Verantwortung von
DNO International ASA (Nachricht senden)
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