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Vantage Drilling has private placement of ordinary shares in the works
By Angela McDaniels
Tacoma, Wash., April 16 - Vantage Drilling Co. is planning a private offering of its ordinary shares to eligible purchasers, according to a company news release.
The offering is subject to market and other conditions.
The company said it plans to use the proceeds for working capital and general corporate purposes.
Vantage Drilling is a Houston-based provider of offshore contract drilling services for oil and gas wells.
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