March 4 (Reuters) - Norwegian Block Exchange AS
NBX.OL :
* PRIVATE PLACEMENT OF NOK 12.6 MILLION SUCCESSFULLY
COMPLETED
* HAS ALLOCATED 21,000,000 NEW SHARES IN PRIVATE PLACEMENT
AT
SUBSCRIPTION PRICE OF NOK 0.60 PER OFFER SHARE
* PROCEEDS WILL BE USED TO COVER DEVELOPMENT EXPENSES TO
FURTHER
DEVELOP CO'S SIGNIFICANT PROJECT PIPELINE
* BOARD HAS RESOLVED AN INTENTION TO CARRY OUT A SUBSEQUENT
OFFERING OF UP TO 4,200,000 NEW SHARES
* GROSS PROCEEDS OF UP TO NOK 2.52 MILLION IN SUBSEQUENT
OFFERING
Source text for Eikon: ID:nObiqcmVPa
Further company coverage: NBX.OL
(Gdansk Newsroom)
((gdansk.newsroom@thomsonreuters.com; +48 58 769 66 00;))