Reference is made to the announcement from Badger Explorer ASA (the "Company")
on 9th January 2017 regarding the Extraordinary General Meeting.
As previously disclosed, CFO Gunnar Dolven, through his wholly owned investment
company Dalvin Rådgivning AS, was allocated 2,400,000 shares in the private
placement. Prior to the private placement, Mr. Dolven owned 434,872 shares.
Following completion of the private placement, Mr. Dolven owns 2,834,872, which
corresponds to an ownership of 0.75% of the outstanding shares in the Company
after the private placement.
CEO Roald Valen was allocated 2,400,000 shares in the private placement, which
corresponds to an ownership of 0.63% of the outstanding shares in the Company
after the private placement.
Stavanger, 9th January 2017
For further information, please contact:
Gunnar Dolven, CFO, cell phone +47 908 53 168
Marcus Hansson, COB, cell phone +44 782 4460 691
www.bxpl.com