By Sheri Kasprzak
New York, Dec. 9 - Equator Exploration Ltd. said it has wrapped a private placement for £34,582,132.
The company sold to institutional investors 17,291,066 shares at 200p each.
Proceeds will be used for the company's 2006 drilling program and for the acquisition of additional acreage.
Separately, Equator issued 50,000 options to advisers of the company. The options are exercisable for two years at 206.8p.
Based in London, Equator is an oil and natural gas exploration company.
| Issuer: | Equator Exploration Ltd.
|
| Issue: | Stock
|
| Amount: | £34,582,132
|
| Shares: | 17,291,066
|
| Price: | 200p
|
| Warrants: | No
|
| Settlement date: | Dec. 8
|
| Stock price: | 220p at close Dec. 8
|
|
|
© 2015 Prospect News.
All content on this website is protected by copyright law in the U.S. and elsewhere.
For the use of the person downloading only.
Redistribution and copying are prohibited by law without written permission in advance from Prospect News.
Redistribution or copying includes e-mailing, printing multiple copies or any other form of reproduction.
