In addition, the underwriters will have an option to purchase an additional 300,000 common shares at a price of $81.50 per common share, exercisable in whole or in part at the sole discretion of the underwriters for a period of 30 days from the closing of the offering for the purpose of covering the underwriters' over-allocation position. Niko Resources Ltd. will apply the proceeds of this issue towards its exploration and development program and for general corporate purposes.
Niko Resources Ltd. is an international oil and natural gas exploration, development and production company with operations focused in India, Bangladesh and Thailand.
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