Published on 7/14/2009 in the Prospect News PIPE Daily.
New Issue: Melrose Resources announces £11.21 million private placement of stock
By Devika Patel
Knoxville, Tenn., July 14 - Melrose Resources plc said it will raise £11.21 million in a private placement of shares.
The company will sell 4,485,365 ordinary shares at 250p apiece.
Oriel Securities and Brewin Dolphin are the joint bookrunners.
Melrose is an Edinburgh-based oil and gas exploration, development and production company.
| Issuer: | Melrose Resources plc
|
| Issue: | Ordinary shares
|
| Amount: | £11,213,412.50
|
| Shares: | 4,485,365
|
| Price: | 250p
|
| Warrants: | No
|
| Bookrunners: | Oriel Securities and Brewin Dolphin
|
| Pricing date: | July 14
|
| Stock symbol: | London: MRS
|
| Stock price: | 263p at close July 14
|
| Market capitalization: | £302 million
|
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