Hunter Group ASA – Share capital increase registered

Reference is made to the Hunter Group ASA’s (the “Company”) annual general meeting as of 9 May 2018, whereby the general meeting resolved the private placement of NOK 172 500 000, by issuance of 75,000,000 new shares (the “New Shares”), each with a par value of NOK 1.25, at a subscription price of NOK 2.30 per share (the “Private Placement”).  

The share capital increase pertaining to the New Shares issued in the Private Placement has today been registered with the Norwegian Register of Business Enterprises. The Company's new registered share capital is NOK 257,697,516.29 consisting of 206,158,013 shares with a par value of NOK 1.25 per share. 

The New Shares will be registered on a separate ISIN pending approval of a prospectus.  


This information is subject to the disclosure requirements pursuant to section 5-12 of the Norwegian Securities Trading Act. 


For further information, please contact: 

Erik A.S. Frydendal, CEO, +47 957 72 947,


About Us

The Badger Explorer is a technology for exploring and mapping hydrocarbon resources. The tool is equipped with logging sensors and communication solutions. The tool drills into and buries itself in the underground. It operates at a lower risk, lower costs and less complexity than a drilling rig.