Bowleven publicizes plans to issue 22 million shares through placement

Proceeds fund exploration and appraisal drilling program in Cameroon

By Devika Patel

Knoxville, Tenn., Nov. 29 - Bowleven plc said Friday that it will conduct a private placement of shares.

The company will sell 22 million ordinary shares.

Settlement is expected Dec. 1.

Proceeds will fund an exploration and appraisal drilling program across the company's Cameroon acreage.

Based in Edinburgh, Bowleven is an oil and gas company.

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