$40 million equity investment

RNS Number : 6132V

Roxi Petroleum Plc

15 January 2013

 



For immediate release

15 January 2013

Roxi Petroleum plc

("Roxi" or "the Company")

$40 million equity investment

Further to the announcement of 8 January 2013, concerning the agreement in relation to the equity investment of $40 million, Roxi announces an amendment to the number of ordinary shares to be issued, as follows.

The total number of shares to be issued in consideration for the $40 million investment will be 335,165,716, rather than 355,165,716, representing  35.5% of the enlarged share capital (assuming no other share issuances are made).

The number of shares to be issued in consideration for the initial subscription of $10 million will be 83,791,429, rather than 88,791,429.

The aggregate number of shares to be issued for the subsequent $30 million subscriptions will be 251,374,287, rather than 266,374,287.

The effective price per share will be 7.4p per share rather than 7.0p per share.

Roxi will apply for the initial 83,791,429 subscription shares to be admitted to trading on AIM following the completion of the initial subscription and it is anticipated that trading in such shares will commence on 6 February 2013.

Other than the above corrections, and consequential changes, there are no other amendments to the announcement of 8 January 2013. 

Enquiries

Roxi Petroleum PLC                                                             c/o Buchanan

Clive Carver, Chairman                                                [phone]

WH Ireland plc           

James Joyce / James Bavister                                        [phone]

Buchanan (Financial PR)

Tim Thompson / Tom Hufton                                        [phone]

 

END

 

 

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