Sirius completes share placing

first_img Sirius completes share placing Tags: NULL KCS-content More From Our Partners Astounding Fossil Discovery in California After Man Looks Closelygoodnewsnetwork.orgA ProPublica investigation has caused outrage in the U.S. this weekvaluewalk.comRussell Wilson, AOC among many voicing support for Naomi Osakacbsnews.comFlorida woman allegedly crashes children’s birthday party, rapes teennypost.comBrave 7-Year-old Boy Swims an Hour to Rescue His Dad and Little Sistergoodnewsnetwork.org980-foot skyscraper sways in China, prompting panic and evacuationsnypost.comPolice Capture Elusive Tiger Poacher After 20 Years of Pursuing the Huntergoodnewsnetwork.orgSupermodel Anne Vyalitsyna claims income drop, pushes for child supportnypost.comNative American Tribe Gets Back Sacred Island Taken 160 Years Agogoodnewsnetwork.orgSidney Crosby, Alex Ovechkin are graying and frayingnypost.comUK teen died on school trip after teachers allegedly refused her pleasnypost.comKiller drone ‘hunted down a human target’ without being told tonypost.comI blew off Adam Sandler 22 years ago — and it’s my biggest regretnypost.comInside Ashton Kutcher and Mila Kunis’ not-so-average farmhouse estatenypost.comMatt Gaetz swindled by ‘malicious actors’ in $155K boat sale boondogglenypost.comMark Eaton, former NBA All-Star, dead at 64nypost.comKamala Harris keeps list of reporters who don’t ‘understand’ her: reportnypost.comBiden received funds from top Russia lobbyist before Nord Stream 2 SIRIUS Petroleum is close to completing a $40m (£25.2m) money-raising drive to pay for its first oil field in Nigeria, more than seven months after suspending its shares on the AIM market. Sirius is set to beat its $40m target with both a share placing with institutional investors and a debt agreement, a person close to the company said yesterday. The group is expected to announce the results of the share placing later this week, before resuming its AIM listing. Sirius froze its shares in February to work on a $2m takeover of the Ke field from a Nigerian company, Del Sigma Petroleum. The firm said the rest of the cash would be spent on developing the field in the Niger delta. Under the terms of the deal, Sirius will receive a net preferential cash flow of 78 per cent from revenues once oil is produced, until full recovery of its investment. After this the company will receive 40 per cent. Sirius has signed four joint venture agreements with local companies, who will work with Chevon, Shell and Mobil to develop oil deposits in the region. Emerging markets investment banks Renaissance Capital and Strand Hanson are working on the equity raise with Sirius, which was set up in 2009 with the aim of investing in Nigerian oil assets. Shares in the company froze in February at 9p, valuing the company at £46.87m. Sharecenter_img whatsapp whatsapp Show Comments ▼ Monday 27 September 2010 8:05 pm by Taboolaby TaboolaSponsored LinksSponsored LinksPromoted LinksPromoted LinksYou May LikeMisterStoryWoman Files For Divorce After Seeing This Photo – Can You See Why?MisterStoryNoteabley25 Funny Notes Written By StrangersNoteableyMoneyPailShe Was A Star, Now She Works In ScottsdaleMoneyPailThe Sports DropForgotten College Basketball Stars: Where Are They Now?The Sports Dropmoneycougar.comThis Proves The Osmonds Weren’t So Innocentmoneycougar.comElite HeraldExperts Discover Girl Born From Two Different SpeciesElite HeraldFamilyMindedThe Most Common Astrology Questions People AskFamilyMindedOpulent ExpressHer Quadruplets Were Born Without A Hitch. Then Doctors Realized SomethingOpulent ExpressStadium TalkBest Basketball Player Ever From Every StateStadium Talklast_img

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