Northern Oil and Gas (NYSE American: NOG) recently announced pricing of its underwritten public offering of 10,000,000 shares of its common stock, including 9,500,000 shares offered by the company and 500,000 shares offered by Cresta Investments LLC and Cresta Greenwood LLC (collectively, the “selling stockholders”), at a price to the public of $20.00 per share. The company granted underwriters a 30-day option to purchase up to an additional 1,500,000 shares. Northern Oil and Gas will not receive any proceeds from any sale of shares by the selling stockholders, whose participation in the offering is driven solely by tax planning purposes. According to the update, 100% of proceeds received by selling stockholders from the offering will be used for charitable purposes. Roth Capital Partners acted as co-manager for the offering, which closed on Nov. 22, 2021.
To view the full press release, visit https://nnw.fm/aFd27
About Northern Oil and Gas Inc.
Northern Oil and Gas is a company with a primary strategy of investing in non-operated minority working and mineral interests in oil and gas properties, with a core area of focus in the premier basins within the United States. For more information about the company, visit www.NorthernOil.com.
About NetworkNewsWire
NetworkNewsWire (NNW) is an information service that provides (1) access to our news aggregation and syndication servers, (2) NetworkNewsBreaks that summarize corporate news and information, (3) enhanced press release services, (4) social media distribution and optimization services, and (5) a full array of corporate communication solutions. As a multifaceted financial news and content distribution company with an extensive team of contributing journalists and writers, NNW is uniquely positioned to best serve private and public companies that desire to reach a wide audience of investors, consumers, journalists and the general public. NNW has an ever-growing distribution network of more than 5,000 key syndication outlets across the country. By cutting through the overload of information in today’s market, NNW brings its clients unparalleled visibility, recognition and brand awareness. NNW is where news, content and information converge.
To receive SMS text alerts from NetworkNewsWire, text “STOCKS” to 888-902-4192 (U.S. Mobile Phones Only)
For more information please visit https://www.networknewswire.com
Please see full terms of use and disclaimers on the NetworkNewsWire website applicable to all content provided by NNW, wherever published or re-published: http://NNW.fm/Disclaimer
NetworkNewsWire (NNW)
New York, New York
www.networknewswire.com
212.418.1217 Office
Editor@NetworkNewsWire.com
NetworkNewsWire is part of the InvestorBrandNetwork