Offer for DNO shares
Petrolia Invest AS wishes to initiate an industrial sale, restructuring or merger of DNO International ASA ("DNO") in order to maximize shareholder value and offers to purchase up to 33.33% of the outstanding shares in DNO for NOK 10 per share with a consideration of shares in Petrolia ASA.Petrolia Invest AS believes that the result of the recent Extraordinary General Meeting in DNO has not added any material value for DNO shareholders. Petrolia believes that in order to maximize value for all DNO shareholders it is necessary for the company to be restructured, merged or potentially sold.