Matra Petroleum PLC Matra Raises £0.35m in Second Stage of Placing (1504S)
16 11월 2011 - 4:00PM
UK Regulatory
TIDMMTA
RNS Number : 1504S
Matra Petroleum PLC
16 November 2011
PRESS RELEASE
16 November 2011
Matra Petroleum plc
("Matra" or the "Company")
Matra Raises GBP0.35 Million in Second Stage of Placing
Matra, the independent oil and gas exploration and production
Company with operations in Russia that owns 100% of the Sokolovskoe
oil field discovery, is pleased to announce a placing with Delek
Energy Systems Ltd of 70,000,000 new ordinary shares at 0.5p per
share (the "Placing Shares") to raise GBP350,000 (the "Placing").
This together with the 170,000,000 placed recently, also at 0.5p
per share, through Fox Davis Capital Ltd., raises a total of GBP1.2
million.
The funds raised under the Placing will be used for working
capital and to initiate production from Well A-13, the Sokolovskoe
Field.
Application has been made to the London Stock Exchange for
admission of the Placing Shares to trading on AIM (Admission"). It
is expected that Admission will become effective and that trading
in the Placing Shares will commence on or about 22 November 2011.
The Placing Shares will rank pari passu in all respects with
existing ordinary shares in the Company.
Following Admission, the Company will have 1,354,917,872
ordinary shares in issue. This figure may be used by shareholders
in the Company as the denominator for calculations by which they
will determine if they are required to notify their interest in, or
a change to their interest, under the Disclosure and Transparency
Rules.
Matra's Managing Director, Peter Hind said:
"We are delighted that Delek has participated in this Placing
and continues to strongly support Matra in progressing the
development of the Sokolovskoe Field."
For further information, please contact:
Matra Petroleum plc www.matrapetroleum.com
Peter Hind, Managing Director +44 (0) 7990 807 855
Neil Hodgson, Exploration Director +44 (0) 7973 342 822
Matrix Corporate Capital LLP +44 (0) 20 3206 7000
Stephen Mischler / Nick Stone
Fox-Davies Capital Limited +44 (0) 203 463 5000
Daniel Fox-Davies/ Richard Hail
Pelham Bell Pottinger +44 (0) 20 7861 3169
Henry Lerwill
This information is provided by RNS
The company news service from the London Stock Exchange
END
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