By Sheri Kasprzak
New York, Dec. 28 - Max Petroleum plc said it has received agreements for a £37.65 million private placement.
The company will issue 37.65 million shares at 100p each.
Proceeds will be used for the acquisition of an oil and natural gas exploration asset in Kazakhstan.
Based in London, Max Petroleum is an oil and natural gas exploration company.
| Issuer: | Max Petroleum plc
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| Issue: | Stock
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| Amount: | £37.65 million
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| Shares: | 37.65 million
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| Price: | 100p
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| Announcement date: | Dec. 28
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| Stock price: | 104.25p at close Dec. 27
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