Interoil signs farm-out agreements in Colombia and Argentina and announces small private placement
04 Mar 2021
Interoil Exploration and Production has announced two transactions which strengthen the company’s production growth outlook in both Colombia and Argentina.
In
SLS and Quantum Resources for the drilling of the remaining committed
exploratory well (Mazorca) in the Altair block. This agreement is subject to Interoil’s obtainment of the funding required to meet its obligations under the farm-out agreement. The subscription of the small private placement announced herein constitutes a Company action aimed at securing such funding.
In
Velitec to invest in the
re-opening of 15 wells in the Mata Magallanes Oeste (MMO) oil field, including the reconditioning of the nearby dispatch battery at the
Nordic Nanovector ASA - Share capital increase registered
Company ) private placement of new shares (the Private Placement ).
The share capital increase pertaining to the 15,878,122 new shares, each with a nominal value of NOK 0.20, to be issued in the Private Placement (the
New Shares ) has been registered in the Norwegian Register of Business Enterprises (the
NRBE ) on 25 February 2021, and the Company s share capital has been increased with NOK 3,175,624,40 through the issuance of the New Shares. The New Shares are admitted to listing and made tradable on the Oslo Stock Exchange following this stock exchange announcement.
Following registration of the share capital increase related to the New Shares in the NRBE, the Company has an issued share capital of NOK 19,053,746.80, divided into 95,268,734 shares, each with a par value of NOK 0.20. Each share represents one vote in the Company s general meeting.