Panoro Energy ASA: Subsequent Offering - Last day of Subscription Period
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Thursday, March 31, 2016 - Reference is made to the previous announcements by Panoro Energy ASA (the "Company") in respect of the subsequent offering of up to 23,809,500 new shares in the Company (the "Subsequent Offering").
The subscription period for the Subsequent Offering will expire today, March 31, 2016 at 16:30 hours (CET). Correctly completed subscription forms must be received by Arctic Securities, or, in the case of online subscriptions, be registered, within this deadline.
Upon expiry of the subscription period, any subscription rights that have not been exercised will expire and have no value.
For more information, please refer to the prospectus of the Company dated March 11, 2016 (the "Prospectus"). The Prospectus is available at www.panoroenergy.com and www.arctic.com.
Arctic Securities AS have acted as the Sole Manager of the Subsequent Offering.
This information is subject to the disclosure requirements pursuant to section 5-12 of the Norwegian Securities Trading Act.
Oslo, Norway
Panoro Energy ASA
About Panoro Energy
Panoro Energy ASA is an independent E&P company based in London and listed on the Oslo Stock Exchange with ticker PEN. The Company holds high quality exploration and development assets in West Africa, namely the Dussafu License offshore southern Gabon, and OML 113 offshore western Nigeria. Both assets have discoveries with approved Field Development Plans. In addition to discovered hydrocarbon resources and reserves, both assets also hold significant exploration potential. For more information visit the Company's website at www.panoroenergy.com.