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Field Fisher Waterhouse LLP has advised broker, Mirabaud Securities LLP, on a placing of new shares by African Petroleum Corporation Limited to raise A$85 million.
African Petroleum Corporation Limited is NSX listed and has received firm commitments for 62,963,000 new fully paid ordinary shares at A$1.35 per share with institutional shareholders to raise A$85m. The company intends to use the funds raised from the Placement to contract an additional oil rig.
Corporate partner Anthony Brockbank advised on the deal, assisted by partner Brad Isaac.
Fieldfisher is recognised as a leading capital markets adviser with expertise in the Energy and Natural Resources sector. So far this year the firm has advised on 30 capital markets deals, with clients that include Avocet Mining plc, President Petroleum Company plc and Trap Oil Group plc.
Clyde & Co LLP advised African Petroleum Limited.
For further information, please contact
Louise Eckersley, PR Manager, Field Fisher Waterhouse LLP on 020 7861 4120