Brief: Northern Ocean Signs Contract Award For Deepsea Mira

Northern Ocean

13/12/2022 15:32

Dec 13 (Reuters) - Northern Ocean Ltd  NOL.OL :
    * NOL: CONTRACT AWARD AND CONTEMPLATED PRIVATE PLACEMENT
    * NORTHERN OCEAN LTD - CONTRACT IS EXPECTED TO COMMENCE IN
MIDDLE
OF 2ND QUARTER 2023
    * CONTRACT HAS AN ESTIMATED FIRM DURATION OF 300 DAYS PLUS
ONE
180-DAY OPTION PLUS ONE 90-DAY OPTION
    * HAS RETAINED MANAGERS TO ADVISE ON AND EFFECT A PRIVATE
PLACEMENT OF NEW SHARES, WITH INTENTION TO RAISE GROSS PROCEEDS
OF APPROX. USD 45 MILLION
    * SUBSCRIPTION PRICE FOR NEW SHARES WILL BE DETERMINED BY
COMPANY'S BOARD BASED ON AN ACCELERATED BOOK BUILDING PROCESS
    * PRIVATE PLACEMENT WILL BE DIRECTED TOWARDS NORWEGIAN AND
INTERNATIONAL INVESTORS
    * APPLICATION PERIOD FOR PRIVATE PLACEMENT COMMENCES TODAY,
ON 13
DECEMBER 2022 AT 16:30 CEST, AND IS EXPECTED TO CLOSE NO LATER
THAN 14 DECEMBER 2022 AT 08:00 CEST
    * CONTRACT AWARD FOR DEEPSEA MIRA WITH A SUBSIDIARY OF
TOTALENERGIES SE FOR WORK OUTSIDE OF NORWEGIAN CONTINENTAL SHELF

Source text for Eikon:  ID:nObimzX1qa 
Further company coverage:  NOL.OL 
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