17th Apr 2015 06:27
LONDON (Alliance News) - Kazakhstan-focused miner Roxi Petroleum PLC on Friday said it has entered into a subscription deal to raise USD20 million at a premium.
Roxi said it has entered into the deal with BOCO (HK) Ltd, under which BOCO will subscribe for 75.6 million shares at 18 pence per share. The price is at a premium of around 16% to Roxi's closing mid-market price on Thursday.
BOCO is a Hong Kong-based unit of Bright Oceans Corp, a Chinese industrial group.
By Sam Unsted; [email protected]; @SamUAtAlliance
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