In order to finance the purchase of Petromena-shares, Petrolia Drilling has completed a private placement of NOK 60,186,600, through the issuance of 24,074,640 new Petrolia Drilling-shares, at an issue price of NOK 2.50 per share. All the shares in the private placement in Petrolia Drilling were subscribed by Petromena-shareholders who sold their shares to Petrolia Drilling.
After registration of the private placement, the share capital of Petrolia Drilling will be NOK 233,679,357, divided into 467,358,714 shares, each with a par value of NOK 0.50.
Petrolia Drilling ASA will, after this purchase, hold 15.5% of outstanding shares in Petromena AS.
The investment in Petromena will increase Petrolia Drilling's exposure to the deepwater drilling segment at attractive terms.
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