Bergen, 26 June 2023

Petrolia Noco AS (“the Company”) is pleased to announce that it has completed a private placement of 10,000,000 new shares at a subscription price of NOK 2 per share. 

In order to prevent dilution of other shareholders, one of the main shareholders has confirmed that it is willing to sell shares to shareholders that were not invited to participate in the private placement at a price of NOK 2 per share (identical to the subscription price). 

No Prospectus has been prepared for this offering as the number of invited investors does not exceed 149. (Ref to the securities trading act § chapter 7). In order to minimise costs, the Company has decided not to engage any investment bank and will carry out the process itself. 
 
Shareholders interested in buying shares can contact the company per email at ir@petrolia.no. Please include your VPS account and the number of shares you want to subscribe for in the email.

Latest financial reports and company presentation can be found at https://petrolianoco.no/investors/ The Company is listed on www.notc.no with ticker PNO.  


For further queries contact:

Erik von Krogh, CFO
+47 930 38 075
Email: evk@petrolia.no