Published on 5/10/2006 in the Prospect News PIPE Daily.
New Issue: Imperial Energy closes £109.4 million private placement of stock
By Sheri Kasprzak
New York, May 10 - Imperial Energy plc has settled its previously announced PIPE for £109,403,437.
The company issued 10,621,693 shares at £10.30 apiece.
Hoare Govett Ltd. was the placement agent.
Located in London, Imperial is an oil and natural gas exploration company.
Issuer: | Imperial Energy plc
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Issue: | Stock
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Amount: | £109,403,437
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Shares: | 10,621,693
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Price: | £10.30
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Warrants: | No
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Placement agent: | Hoare Govett Ltd.
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Settlement date: | May 10
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Stock symbol: | London: IEC
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Stock price: | £10.56 at close May 9
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