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WesternZagros to launch a combined financing in excess of Cdn$400 million


Published Aug 18, 2014
WesternZagros Resources Ltd.

WesternZagros Resources Ltd. will launch a CDN$250 million equity rights offering that is supported by a comprehensive equity arrangement for up to CDN$200 million and a separate debt financing arrangement of U.S.$200 million from its largest shareholder, Crest Energy International LLC (Crest).

The proceeds of this financing will fund the development of the Company's two major oil discoveries on the Kurdamir and Garmian Blocks in the Kurdistan Region of Iraq.

Tags: WesternZagros Resources Ltd.




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