African Petroleum Corporation Limited has completed the second tranche of its placement to institutions and sophisticated investors of 57 million fully paid ordinary shares ("Shares") at A$ 1.00 per Share raising A$57 million, prior to the costs of the placement ("Second Tranche").
This now completes the Company's A$250 million placement announced on 13 April 2011 ("Placement").
Dundee Securities Ltd and Mirabaud Securities LLP acted as Joint Bookrunners to the Placement and GMP Securities L.P. and Patersons Securities Limited acted as Selling Agents.
This article is for information and discussion purposes only and does not form a recommendation
to invest or otherwise. The value of an investment may fall. The investments referred to in this
article may not be suitable for all investors, and if in doubt, an investor should seek advice from
a qualified investment adviser. More
Related Companies