Norse Atlantic Airways (N0, Oslo Gardermoen) has managed to raise gross proceeds of around NOK69.4 million kroner (USD6.64 million) in its “subsequent offering” – a repair issue aimed at shareholders who did not participate in a private placement last year. However, the sum fell short of its intended target of about NOK100 million (USD9.56 million).

It was offering 9.1 million shares at the same price as in the private placement, NOK11.00 (USD1.0523). In an Oslo Stock Exchange filing on January 25, it said that during the…

Source: ch aviation
Read more: Norse Atlantic Airways raises .64mn in new share issue