Can you say dilution. WowWINNIPEG, Sep. 12, 2011, 2011 (Canada NewsWire via COMTEX News Network) --DonaldBenson, President of Nordic Oil and Gas Ltd. ("the Company" orNordic"), today announced a new non-brokered private placement offering(the "Offering") of up to 30,000,000 units ("Units") at a price of
.075 per Unit for gross proceeds of up to $2,250,000. Each Unit ofthe Offering will consist of one Class A common share of the Companyissued as a "flow-through share" within the meaning of the Income TaxAct (Canada) and one-half of one Class A common share purchase warrant(a "Warrant"). Each whole Warrant will entitle the holder thereof topurchase one regular Class A common share of the Company at a price of
.10 per share for a period of 18 months from the date of issuance.
Thesecurities issued pursuant to the Offering are subject to a four-monthhold period from the date of issuance. The Company anticipatesmultiple closings of the Offering in the coming weeks.