San Leon Energy raises $10.39 million through placement
Sep 18, 2009 (Datamonitor Financial Deals Tracker via COMTEX) --
Company: San Leon Energy PLC (SLGYF)
San Leon Energy Plc, an Ireland-based oil and gas exploration company, has raised GBP6.3 million by a way of placing ordinary shares with institutional and other investors. Under the offering, San Leon has issued 41,866,666 new ordinary shares at a price of GBP0.15 per share to investors.
Arbuthnot Securities and Fox-Davies Capital acted a placement agent to the transaction.
Deal Value (US$ Million) 10.39 Deal Type Private Placement Sub-Category None Deal Status Completed: 2009-09-18
Deal Participants
Target (Company) San Leon Energy Plc Acquirer (Company) Undisclosed Investors
Deal Rationale
San Leon would use the proceeds from the placement to carry out its exploration and development programme across its portfolio of projects in Morocco, Poland, Italy, and the US.
Offer Price ($ per share) 0.24 No. Shares Issued 41866666
Copyright (C) 2009 Datamonitor Financial Deals Tracker. All rights reserved
News Provided by COMTEX
Company: San Leon Energy PLC (SLGYF)
Related terms: energy, exploration, ireland, italy, morocco, oil and gas, poland, Private Placement, securities
