Awilco LNG said it was able to sell about 58% of the shares it planned to sell in a follow-on public offering after the company also completed a private placement.
The LNG carrier firm said 3.36 million shares were subscribed to in the subsequent offering of up to 5.71 million shares at NOK 3.50 ($0.42) per share. The board of directors will resolve the allocation of shares according to the prospectus on the offering.
