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Bermuda, October 15, 2019 – Reference is made to the NOTC stock exchange notice published by Atlantica Tender Drilling Ltd. (“ATDL” or the “Company“) concerning the private equity offering directed solely to its existing shareholders of up to USD 5 million, through the issuance of new shares and the sale of treasury shares (the “Private Placement”). (the “Private Placement“).
The Private Placement has been completed, raising USD 5,000,000.00 through the allocation of 40,875,955 new shares and the transfer of 9,124,045 treasury shares (the “Private Placement Shares“) at a subscription price of USD 0.10 per share.
Eligible investors who have subscribed for Private Placement Shares and have been allocated shares will receive an allocation notice directly from the Company. The allocation notice will confirm the number of Private Placement Shares so allotted and contain payment instructions. Final settlement is expected to occur on October 28, 2019.
For further information, please contact:
Atlantica Tender Drilling Ltd
+47 415 08 186