Epic Gas Announces Private Placement Of Shares For Up To US$40 Million

Published: Mar 16 2017
Deal Summary

Epic Gas Ltd., an offshore services company, agreed to issue a minimum of 17,200,800 shares and maximum of 22,934,400 shares, at a price of NOK15 (US$1.74) per share, for gross proceeds between NOK258 million (MM) (US$30 MM) and NOK344 MM (US$40 MM), in a private placement.

DNB Markets, Inc. is acting as placement agent to the company for the placement. The company intends to use the proceeds from the placement for working capital and general corporate purposes.

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