Nordic American Tanker (NAT) opened this morning on the stock exchange down more than 10% (Down $0.85 to $8.025/share in late morning trading) after saying it has priced a 8.13 million public offering at $8 per share, an almost 10% discount to Thursday's closing price. The company has granted the underwriters a 30-day option to purchase up to an additional 1,218,750 common shares. In making the offring announcment, the tanker company said CEO Herbjoern Hansson is expected to buy 250,000 shares in the offering at the same terms as other investors. The company said it plans to use proceeds to finance its investment in Nordic American Offshore Ltd.