By Sheri Kasprzak
New York, May 16 - Northern Petroleum plc settled a £20 million private placement of its stock.
The company issued 15,384,616 shares at 130p each.
Investec and Panmure Gordon & Co. were the placement agents.
The proceeds from the offering will be used for exploration and development on the company's projects in the Netherlands and also for development on the company's ventures in Italy, the United Kingdom and elsewhere.
Located in London, Northern Petroleum is an oil and natural gas exploration and development company.
| Issuer: | Northern Petroleum plc
|
| Issue: | Stock
|
| Amount: | £20 million
|
| Shares: | 15,384,616
|
| Price: | 130p
|
| Warrants: | No
|
| Placement agents: | Investec and Panmure Gordon & Co.
|
| Settlement date: | May 16
|
| Stock symbol: | London: NOP
|
| Stock price: | 138.33p at close May 15
|
|
|
© 2015 Prospect News.
All content on this website is protected by copyright law in the U.S. and elsewhere.
For the use of the person downloading only.
Redistribution and copying are prohibited by law without written permission in advance from Prospect News.
Redistribution or copying includes e-mailing, printing multiple copies or any other form of reproduction.
