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 STATESReference 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