By Sheri Kasprzak
New York, May 26 - Plectrum Petroleum plc priced a £2.5 million private placement.
The company issued 17,857,142 shares at 14p each, a 14% discount to the mid-market price of 16.25p as of May 25.
Corporate Synergy plc is the placement agent.
Proceeds will be used for a license agreement with Gold Oil plc for the Peruvian offshore license Z34.
Located in London, Plectrum is an oil and natural gas exploration company.
| Issuer: | Plectrum Petroleum plc
|
| Issue: | Stock
|
| Amount: | £2.5 million
|
| Shares: | 17,857,142
|
| Price: | 14p
|
| Warrants: | No
|
| Placement agent: | Corporate Synergy plc
|
| Pricing date: | May 26
|
| Stock symbol: | London: PPE
|
| Stock price: | 17.25p at close May 26
|
|
|
© 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.
