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Northern Oil & Gas Prices Public Sale of 12.5 Million Common Shares at $9.75 Each

· 02/04/2021 22:42

03:30 AM EST, 02/05/2021 (MT Newswires) -- Northern Oil & Gas (NOG) late Thursday priced its previously announced public offering of 12.5 million common shares at $9.75 per share.

Underwriters were granted a 30-day over-allotment option to buy up to an additional 1.9 million shares.

The oil and gas producer may use the net proceeds to partially fund its purchase of certain assets in the Appalachian Basin from Reliance Marcellus, it said. It may also use the proceeds for general corporate purposes if the asset acquisition is not consummated.

Price: 10.45, Change: -0.80, Percent Change: -7.11