April 21, 2010 (FinancialWire) — Northern Oil and Gas, Inc. (AMEX: NOG) said that it has completed the sale of five million shares of its common stock and that the company’s underwriters have exercised their over-allotment option to purchase an additional 750,000 shares of the company's common stock in full.  

As a result, Northern Oil will issue a total of 5.75 million shares of common stock, and the net proceeds from this offering will be around $82.6 million after deducting underwriters discounts and estimated offering expenses.

In connection with the offering, Canaccord Adams acted as sole book-running manager.

Minnesota-based Northern Oil is an exploration and production company with activities focused primarily in the Rocky Mountain Region of the United States, specifically the Williston Basin.

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