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Tuesday, 02 December, 2008, 22:40 GMT | more >>

WSR moots share placement



By Upstream staff 

West Siberian Resources said it plans to offer up to 258 million newly issued shares in the form of Swedish depository receipts on the Nordic Exchange Stockholm.

The share issue will equal about 7.9% of the outfit’s outstanding shares, post issue.

The proceeds from the offering will be used to finance the company’s capital expenditures programme and pre-payments for upgrading of the Khabarovsk refinery.

Morgan Stanley and Carnegie are acting as joint book runners in connection with the proposed offering.


Monday, 14 April, 2008, 06:39 GMT  | last updated: Monday, 14 April, 2008, 07:04 GMT

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