Brief: Northern Ocean Hemen And Hayfin Agreed To Subscribe For 40 Mln New Shares

Northern Ocean

13/01/2022 17:11

Jan 13 (Reuters) - Northern Ocean Ltd  NOL.OL :
    * HEMEN AND HAYFIN AGREED TO SUBSCRIBE FOR 40 MILLION NEW
SHARES
IN COMPANY AT A SUBSCRIPTION PRICE OF $ 0.50 PER SHARE
    * BOARD OF DIRECTORS WILL PROPOSE A SUBSEQUENT OFFERING OF
UP TO 8
MILLION SHARES
    * SUBSCRIPTION PRICE IN SUBSEQUENT OFFERING IS EQUAL TO
PRIVATE
PLACEMENT, $ 0.50 PER SHARE
    * SUBSEQUENT OFFERING IS EXPECTED TO COMMENCE IN MARCH 2022

Source text for Eikon:  ID:nObiMF4Fva 
Further company coverage:  NOL.OL 

 ((Reuters.Briefs@thomsonreuters.com;))