By Devika Patel
Knoxville, Tenn., June 12 - Regal Petroleum plc said it took in £63.44 million in a private placement of shares. It also said it plans to raise £100 million in another placement of stock.
The company sold 104 million shares at 61p each through bookrunner Merrill Lynch International in the first deal.
In the second placement, the company will sell a number of shares at a price to be determined through an accelerated book-building process to be carried out by Merrill Lynch.
Regal is a London-based oil and gas exploration and production company.
| Issuer: | Regal Petroleum plc
|
| Issue: | Shares
|
| Amount: | £63.44 million
|
| Shares: | 104 million
|
| Price: | 61p
|
| Warrants: | No
|
| Bookrunner: | Merrill Lynch International
|
| Settlement date: | June 12
|
| Stock symbol: | London: RPT
|
| Stock price: | 66.5p at close June 12
|
| Market capitalization: | £157.7 million
|
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