Northern Ocean - USD 100 million - Private Placement

Arctic Securities acted as Joint Bookrunner in relation to the Private Placement in Northern Ocean Ltd. Through the Offering, Northern Ocean raised gross proceeds of USD 100 million, which will be used to cover remaining ready-to-drill cost for West Mira and West Bollsta, working capital and general corporate purposes. We are grateful for the vote of confidence and congratulate on the successful transaction!

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