Fieldfisher advises Mirabaud Securities on fundraising of £46.5 million
Field Fisher Waterhouse LLP has advised broker, Mirabaud Securities LLP, on a placing of new ordinary shares by Borders & Southern Petroleum Plc to raise £46.5 million.
Borders & Southern Petroleum has placed 55,320,000 new ordinary shares at £0.84 a share. The placing comprises of two tranches, the second tranche being subject to the passing of the necessary resolutions at a General Meeting convened for the end of June 2012. The funds raised will be used to acquire additional 3D seismic data and will enable further analysis of recent drilling results.
Corporate partner Anthony Brockbank advised on the deal.
Fieldfisher is recognised as a leading AIM adviser with expertise in the Energy and Natural Resources sector. In the past financial year the firm has advised on 45 deals, with clients that include Avocet Mining plc, President Petroleum Company plc and Trap Oil Group plc.
Lawrence Graham advised Borders & Southern Petroleum.
For further information, please contact:
Louise Eckersley, PR Manager, Field Fisher Waterhouse LLP on 020 7861 4120
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