Middle East Economic Survey
VOL. XLVIII
No 27
4-July-2005
SUDAN
White Nile Raises $12.6Mn For Sudan Exploration
Britains White Nile has raised 7mn ($12.6mn) through the issue of 7mn new ordinary shares at 1.00 per share to fund exploration in Sudans disputed Block B. Shares in the company rose 4.5p to 119p following the announcement. The proceeds of the non-brokered private placing, conducted with existing shareholders as well as new institutional investors, will be predominantly allocated to our...
Please log in to read the rest of this story.
You may purchase access to entire
MEES digital archives by subscribing.
This subscription gives you access to all the content of MEES digital archives up to 1978!