The financing was arranged by RBC Capital Markets, who acted as sole global co-ordinator, sponsor and joint bookrunner for the placement.
FirstEnergy Capital, Canaccord Genuity and Barclays acted as joint bookrunners.
Caracal Energy chief executive Gary Guidry said the funds would go towards progressing the company’s assets.
“With Badila production on-stream and increasing towards initial capacity rates, we are now focused on bringing the Mangara field on production in the coming months and delivering the next leg of value creation for our shareholders through the execution of our planned exploration programme in 2014,” he said.
The
