DNO International nets cash in share sale

NORWEGIAN-based player DNO International has raised Nkr360 million ($60 million) in a share sale at Nkr8 per share. The cash will be used for exploration and appraisal drilling beyond DNO’s current plans, as well as new 
licences and general corporate purposes. United Arab Emirates-based RAK Petroleum bought enough shares in the sale to maintain its 30% stake in DNO.