Summary
BOWLEVEN is to cash in on ravenous investor demand for oil stocks by raising more than GBP 55 million through a share-placement - enabling it to accelerate development of its increasingly promising fields in Cameroon.
The Edinburgh-based oil and gas explorer announced yesterday that it is to raise GBP 55.25m via a placing of 8.5 million shares at 650p each.See the full content of this document
Extract
Bowleven's Gbp 55m Share Sale
Net of expenses, the group will raise GBP 53.09m, and said the proceeds will help fund a work programme for...
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