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Roxi Petroleum To Raise USD20 Million At 16% Premium (ALLISS)

Fri, 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; samunsted@alliancenews.com; @SamUAtAlliance

Copyright 2015 Alliance News Limited. All Rights Reserved.

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