New Issue: Vantage Drilling settles $25.7 million private placement of shares

By Jennifer Chiou

New York, June 5 - Vantage Drilling Co. said it raised $25.7 million through a private placement of ordinary shares.

The company sold 17,769,535 shares.

Westlake Securities, LLC was the lead placement agent.

The Houston-based offshore drilling contractor said that proceeds will be used for working capital and general corporate purposes.

Issuer:	Vantage Drilling Co.
Issue:	Ordinary stock
Amount:	$25.7 million
Shares:	17,769,535
Warrants:	No
Agent:	Westlake Securities, LLC
Announcement date:	June 5
Stock symbol:	Amex: VTG
Stock price:	$1.73 at close June 5
Market capitalization:	$153.32 million

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