Norse Energy Corp. ASA ("NEC") has received a notification of conversion of NOK 600,000 of its NOK 7,100,000 convertible loan at a conversion price per share of NOK 0.075, representing issue of a total of 7,999,999 new shares. The conversion will be effected as soon as possible.
The Company has a significant land position of ~130,000 net acres in New York State with certified 2C contingent resources of 951 MMBOE as of 31 December 2012.
This information was brought to you by Cision http://news.cision.com
Chris Steinhauser, Office: +1 713-975-1900
Chief Financial Officer
S. Dennis Holbrook, Office: +1 716-568-2048
Chief Legal Officer