Roxi Petroleum has issued 36,221 shares to Arawak Energy as part of a prior agreement stipulating that if Roxi issued shares at a discount to a party other than Arawak, then Arawak would be compensated.
On 22 September 2009, Roxi announced that it had issued 6m shares to an investor at 10p per Ordinary Share, which was a 11.11% discount to the closing mid-price of the shares for the five consecutive trading days ending on the trading day immediately before the issue of shares.
Story provided by Business Financial Newswire
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