19.10.10 - Notice
SUCCESSFULLY COMPLETED RIGHTS ISSUE
INDEPENDENT OIL & RESOURCES ASA
Independent Oil & Resources ASA has successfully completed the Rights Issue announced on 29th September 2010. The Rights Issue was oversubscribed 1.5 times.
The subscription period has been closed, and the Company will issue 213.003.073 new shares at a price of NOK 0.14 per share. Total shares after the Rights Issue will be 639.009.219 shares, each with a par value of NOK 0.025. New share capital will be NOK 15.875.238.
Allocation letter will be distributed today, Tuesday October 19th, and payment will take place on or about October 20th 2010.
For further information – please contact Jan Egil Moe : phone +47 40400430 or e-mail : jem@janem.no.
Bergen, 19 October 2010
Board ofDirectors