In connection with the initial closing of the Offering, the Corporation paid to Wellington West Capital Inc., the Corporation's agent in connection with the Offering, a commission of 8% of the gross proceeds raised on the initial closing of the Offering.
In other news, Mr. Benson also announced today that the Corporation intends to make application to extend the expiry date, for a further 12-month period, on the Share Purchase Warrants that were issued in conjunction with its Private Placement Offering, as announced via News Release on December 14, 2005. The exercise price for each full Warrant, which was set at $0.60 and entitles the holder to acquire one Class A Common Share of the Corporation, remains unchanged.
Nordic Oil and Gas Ltd. is a junior oil and gas exploration company, which is listed on the TSX Venture Exchange and trades under the symbol NOG.
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