Distribution of company announcements to the professional platforms, finance portals and syndication of important corporate news to a wide variety of news aggregators and financial news systems.
Petrolia Drilling Reference is made to the announcement by PetroMENA ASA dated 13 June 2008 regarding the completion of a private placement of 13,430,000 new shares (corresponding to a share capital increase of 9.99%) at a subscription price of NOK 18.10 per share, to fund the construction of PetroMENA`s three state of the art 6th generation semisubmersible drilling rigs at the Jurong Shipyard in Singapore.
Petrolia Drilling ASA has been allocated 6,812,000 shares in the PetroMENA private placement, corresponding to an allocation amount of 123.297.200.
Following registration of the new shares to be issued in the PetroMENA private placement, Petrolia Drilling ASA will increase its number of shares in PetroMena ASA from 68,163,951 to 74.978.951, while Petrolia Drilling's ownership in PetroMENA will remain at approximately 50.74 % of the outstanding shares and votes in PetroMENA.
For further information, please contact Mr. Lars Moldestad +47 906 99 197
