Rocksource Reports Successful Equity Issue



Rocksource ASA successfully effected an equity issue directed toward Norwegian and international investors after the close of Oslo Stock Exchange Wednesday.

The placement was substantially over-subscribed and the price was set at NOK 1.47 per share. A total of 52,910,000 new shares, equal to a 9.99% share capital increase, will be allocated to the subscribers. The issue was managed by DnB NOR Markets.

Tommy Sundt, CFO of Rocksource ASA commented: "This is an important step for Rocksource since it secures a strong balance sheet as the company increases the activity level further. Building further production and reserves in the US, and stepping up the pace in our EM driven exploration campaign are key activities for Rocksource in the short term."

RELATED COMPANIES