Fieldfisher advised Mirabaud Securities LLP, as broker and sole bookrunner, in relation to a $20m placing by Lekoil Limited on the London Stock Exchange's AIM Market (AIM).
The transaction is a secondary placing of new ordinary shares in Lekoil Limited which will take place in two tranches. The second tranche is conditional on passing restrictions at the Lekoil Limited's Extraordinary General Meeting, which is convened for 7 August 2013 .
Lekoil is an African focused oil and gas exploration and production company which currently holds interests offshore Nigeria and offshore Namibia. The Company was founded in 2010 by a group of leading professionals with extensive experience in the international upstream oil and gas industry as well as in global fund management and investment banking. The Company was admitted to AIM in May 2013 when it raised US $40 million. Fieldfisher advised Mirabaud and Strand Hanson Limited on the IPO.
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