VOL. XLII
No. 13
29-MARCH-1999
LIBYA
Red Sea Oil Offers Shares To Fund Exploration Program OfNC177
Red Sea Oil Corporation has filed a preliminary prospectuswith the Alberta, British Columbia and Ontario Securities Commissions inconnection with a rights offering to shareholders of the company. According toa company statement, the proceeds of the rights offering, if fully subscribed,will be used by Red Sea to fund the exploration program for Block NC177 inLibya, including the drilling of the...
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