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Northern Oil and Gas Inc V.NOG


Primary Symbol: NOG

Northern Oil and Gas, Inc. is a real asset company that focuses on acquiring and investing in non-operated minority working and mineral interests in the hydrocarbon producing basins within the contiguous United States. Its business is crude oil and natural gas exploration, development, and production with operations in the United States. Its 300,000-acre portfolio is distributed across the Williston, Permian and Appalachia Basins. Its portfolio comprises 300,000 acres of low-breakeven land with over 10,000 wells. Diversified by basin and across commodity type, its wells are operated by over 100 public and private operators. It engages in oil and natural gas exploration and production by participating on a proportionate basis alongside third-party interests in wells drilled and completed in spacing units that include its acreage. It acquires wellbore-only working interests in wells. It owns the Utica and Northern Delaware Basin assets. It also owns Point Assets in the Delaware Basin.


NYSE:NOG - Post by User

Post by jjeerryyon Dec 16, 2015 10:58am
129 Views
Post# 24388091

Flow Through Offering

Flow Through Offering

NORDIC ANNOUNCES NEW FLOW THOUGH OFFERING

WINNIPEG, MB. (Dec 16, 2015) - Donald Benson, Chairman and Chief Executive Officer of Nordic Oil and Gas Ltd. (the “Corporation or Nordic”), today announced thecorporation is offering 100,000,000 Class A Flow Through Units at a price of $0.005 per unit for total proceeds of $500,000.00. Each unit will entitle the purchaser to receive one flow through common share and one half of a share purchase warrant exercisable at $0.02 per share at any time within twelve months of closing of the offering. In the event that the company’s shares are trading for twenty consecutive trading days at or above $0.04 (the strike date) the warrants will have to be exercised or they will expire fifteen days following the strike date.

Nordic intends to use the funds to test the recently recompleted well at Noel BC, tie in our other well at Noel BC, pay for General and Administrative costs and fulfill obligations associated with a contemplated acquisition.

Nordic confirms herein that the Board of Directors has approved the consolidation of the Corporations shares of the basis of one new share for twenty existing shares. The consolidation will be voted on at the coming Annual General Meeting.

Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of the contents of this News Release.

For additional information, contact:

Donald Benson, President and CEO

Nordic Oil and Gas Ltd.

Tel. 204-955-5042

Website www.nordicoilandgas.ca

Follow us on Twitter – Over Nine Thousand do! www.twitter.com/Nord


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