LONDON (Thomson Financial) - Ramco Energy Plc. said it will issue about 1.9
million new shares at 52.275 pence each to raise 1 million pounds as partial
consideration for its acquisition of Eagle HC Ltd.
The energy investment company said it will pay a further 0.5 million pounds
to the vendors of Eagle if cash flow from the royalty package owned by Eagle
commences.
The company also said it has issued 47,816 new shares to cover certain
invoices totaling 20,800 pounds issued by a consultant to the company.
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