Reference is made to the prospectus dated February 15, 2010 and supplemental prospectus dated March 8, 2010 and March 16, 2010 regarding the subsequent offering of up to 14,117,647 Subsequent Offering Shares in Norse Energy Corp. ASA to a price of NOK 4.25 per share, constituting gross proceeds of up to NOK 60,000,000.
After the expiry of the subscription period at 17:30 hours CET on March 23, 2010, Norse Energy Corp. ASA has received subscriptions for a total of 9,085,350 Subsequent Offering Shares. The Board of Directors of Norse Energy Corp. ASA has resolved to issue 9,085,350 Subsequent Offering Shares at NOK 4.25 per share raising gross proceeds of NOK 38,612,737.50.
All subscribers being allotted Subsequent Offering Shares will receive a letter confirming the number of Subsequent Offering Shares allotted to the Subscriber and the corresponding amount to be paid. This letter is expected to be mailed on March 25, 2010. Debit of the subscriber's bank account will take place on March 29, 2010, and delivery of the allocated shares is expected to take place on or about April 9, 2010.
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