Published on 1/27/2010 in the Prospect News PIPE Daily.
New Issue: Aurelian Oil & Gas arranges £34.06 million private placement of stock
By Devika Patel
Knoxville, Tenn., Jan. 27 - Aurelian Oil & Gas plc said it will take in £34.06 million in a private placement of shares.
The company will sell 106,433,438 shares 32p per share. The price represents a 7.2% discount to Aurelian's closing share price on Jan. 26. Kulczyk Investments SA will invest £5.24 million.
Proceeds will be used to fund the first Siekierki well and up to seven exploration and appraisal wells in the next two years and accelerate the company's exploration and development activities.
The oil and gas explorer is based in London.
Issuer: | Aurelian Oil & Gas plc
|
Issue: | Shares
|
Amount: | £34,058,870
|
Shares: | 106,433,438
|
Price: | 32p
|
Warrants: | No
|
Investor: | Kulczyk Investments SA (for £5,239,800)
|
Pricing date: | Jan. 27
|
Stock symbol: | London: AUL
|
Stock price: | 37.47p at close Jan. 27
|
Market capitalization: | £80.4 million
|
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