By Devika Patel
Knoxville, Tenn., Nov. 15 - Arrow Energy NL said it has completed a A$120 million private placement of shares.
The company sold about 43 million ordinary shares at A$2.80 per share.
The placement was jointly managed by Wilson HTM Corp. Finance Ltd., Citi and ABN Amro Rothschild.
Proceeds will be used for acquisitions and development.
Located in Brisbane, Australia, Arrow Energy is a gas exploration and development company.
| Issuer: | Arrow Energy NL
|
| Issue: | Ordinary shares
|
| Amount: | A$120 million
|
| Shares: | 43 million (approximate)
|
| Price: | A$2.80
|
| Warrants: | No
|
| Managers: | Wilson HTM Corp. Finance Ltd., Citi, ABN Amro Rothschild.
|
| Settlement date: | Nov. 15
|
| Stock symbol: | Australia: AOE
|
| Stock price: | A$2.98 at close Nov. 15
|
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