By Laura Lutz
Des Moines, May 15 - Aminex plc arranged a private placement of shares for £11,176,500.
The company intends to sell 55,882,500 ordinary shares to new and existing institutional investors at 20p per share.
Investors will also receive one warrant for every two shares issued. Each warrant will be exercisable at 22p until Aug. 31, 2009.
Davy Corporate Finance Ltd and J&E Davy and Bridgewell Ltd. will act as agents.
The shares in the placement are equivalent to about 33% of the company's existing share capital.
Proceeds will be used for drilling and exploration.
Based in London, Aminex is an oil and natural gas exploration company.
| Issuer: | Aminex plc
|
| Issue: | Shares
|
| Amount: | £11,176,500
|
| Shares: | 55,882,500
|
| Price: | 20p
|
| Warrants: | One for every two shares
|
| Warrant expiration: | Aug. 31, 2009
|
| Warrant strike price: | 22p
|
| Agents: | Davy Corporate Finance Ltd and J&E Davy; Bridgewell Ltd.
|
| Pricing date: | May 15
|
| Stock symbol: | London: AEX
|
| Stock price: | 21.85p at close May 15
|
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