BADGER EXPLORER ASA: KEY INFORMATION RELATING TO THE SUBSEQUENT OFFERING
NOT FOR RELEASE, PUBLICATION OR DISTRIBUTION, IN WHOLE OR IN PART DIRECTLY OR INDIRECTLY, IN AUSTRALIA, CANADA, JAPAN OR THE UNITED STATES
Reference is made to announcements by Badger Explorer ASA (the "Company") on 5th and 6th December 2016 regarding a private placement. The Company intends to launch a subsequent offering of up to approximately NOK 10 million with non-tradable subscription rights for eligible shareholders.
Date on which the terms of the subsequent offering was announced: 5th December 2016
Last day including right to receive subscription rights: 5th December 2016
First day excluding right to receive subscription right: 6th December 2016
Record date: 7th December 2016
Date of approval: Expected on or about 9th January 2017
Maximum number of new shares: up to 80,000,000
Subscription price: NOK 0.125
The subsequent offering is conditional upon approval of the private placement and the subsequent offering by an Extraordinary General Meeting of the Company expected to be held on or about 9th January 2017, approval and publication of listing and offering prospectus.
Stavanger, 6th December 2016
For further information, please contact:
Gunnar Dolven, CFO, cell phone +47 908 53 168
Marcus Hansson, COB, cell phone +44 782 4460 691
Important information:
The release is not for publication or distribution, in whole or in part directly or indirectly, in or into Australia, Canada, Japan or the United States (including its territories and possessions, any state of the United States and the District of Columbia).
This release is an announcement issued pursuant to legal information obligations, and is subject of the disclosure requirements pursuant to the continuing obligations of the Oslo Stock Exchange. It is issued for information purposes only, and does not constitute or form part of any offer or solicitation to purchase or subscribe for securities, in the United States or in any other jurisdiction. The securities mentioned herein have not been, and will not be, registered under the United States Securities Act of 1933, as amended (the "Securities Act"). The securities may not be offered or sold in the United States except pursuant to an exemption from the registration requirements of the Securities Act. The Company does not intend to register any portion of the offering of the securities in the United States or to conduct a public offering of the securities in the United States. Copies of this announcement are not being made and may not be distributed or sent into Australia, Canada, Japan or the United States. The issue, exercise, purchase or sale of subscription rights and the subscription or purchase of shares in the Company are subject to specific legal or regulatory restrictions in certain jurisdictions. Neither the Company nor the Manager assumes any responsibility in the event there is a violation by any person of such restrictions.
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