Rose Petroleum to raise £6.5m through oversubscribed conditional placing (Scandinavian Oil-Gas Magazine)

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Rose Petroleum to raise £6.5m through oversubscribed conditional placing

Published Jun 23, 2014

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Rose Petroleum is pleased to announce its intention to raise £6.5m by way of an oversubscribed conditional placing and subscription.

Summary of the Placing

The Company proposes to raise £6.5m (before expenses) by way of an oversubscribed conditional placing by Allenby Capital Limited (Allenby Capital) and Pareto Securities Limited (Pareto) and a subscription of 433,333,322 new Ordinary Shares of 0.1 pence (Ordinary Shares” each (the “Placing Shares”) at a price of 1.5 pence per share (the “Placing”)
Placing Shares have been conditionally placed with institutional and other investors and certain Directors

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