Aurelian Oil & Gas to raise $95m

Aurelian Oil & Gas is seeking to raise approximately €95m(net of expenses) by placing 146.888m new shares at a price of 57.5p per share.
The Placing Price represents a discount of 6.5% to Aurelian's closing share price on 12 November 2010.
In total, the New Shares will represent approximately 30.2% of the enlarged share capital of the Company.
[Read more]
Source: Stock Market Wire