By Devika Patel
Knoxville, Tenn., Dec. 5 - Urals Energy PCL said it has raised £62.43 million in a private placement of shares.
The company sold 32,857,000 ordinary shares at 190p apiece.
Morgan Stanley Securities Ltd. is the lead manager.
Proceeds will be used for potential capital expenditure requirements and for general corporate and working capital purposes.
Nicosia, Cyprus-based Urals Energy is a crude oil exploration and production company.
| Issuer: | Urals Energy PCL
|
| Issue: | Ordinary shares
|
| Amount: | £62,428,300
|
| Shares: | 32,857,000
|
| Price: | 190p
|
| Manager: | Morgan Stanley Securities Ltd. (lead)
|
| Settlement date: | Dec. 5
|
| Stock symbol: | London: UEN
|
| Stock price: | 236p at close Dec. 4
|
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