Norse Announces Bond Restructuring
10 April 2012Reference is made to the 28 February 2012 press release in which Norse Energy announced a proposed refinancing of its bond portfolio. Norse Energy Corp. ASA (“NEC” ticker Oslo Stock Exchange, Norway; “NSEEY” ticker U.S. OTC) announces that the NEC03 bonds (par value USD 3.74 million) have now been called and replaced by a new bond loan ("NEC06") with approximately 1 year longer duration (2013). The Company has also completed the issuance of new convertible bonds with principal amount minimum USD 21 million which has been settled by conversion of a corresponding principal amount