You have 2 free articles left this month.
Become a Premium Member to enjoy a wide range of benefits.
You have 2 free articles left this month.

Lawyers Weekly - legal news for Australian lawyers

Powered by MOMENTUM MEDIA
lawyers weekly logo
Big Law

Allens advises on oil raising

Allens Arthur Robinson is advising oil and gas production and exploration company Solimar Energy Limited on its $7 million equity raising and possible future listing on the Toronto Stock…

May 19, 2011 By Lawyers Weekly
expand image

Allens Arthur Robinson is advising oil and gas production and exploration company Solimar Energy Limited on its $7 million equity raising and possible future listing on the Toronto Stock Exchange or the TSX Venture Exchange.

 
 

Australian-based Solimar, which holds 130,000 gross acres in California's highly oil-prone San Joaquin Basin, will use the capital raised to progress its acreage acquisition programs and further exploitation (through drilling and production testing) of its core projects.

The capital raising, which is subject to shareholder approval, involves the issue of more than 63 million securities in Solimar Energy to sophisticated and institutional investors in North America. Each security will consist of one share and one warrant.

Partner Paul Quinn and senior associate Mark Malinas led the Allens team on the transaction.

Tags
Comments (0)
    Avatar
    Attach images by dragging & dropping or by selecting them.
    The maximum file size for uploads is MB. Only files are allowed.
     
    The maximum number of 3 allowed files to upload has been reached. If you want to upload more files you have to delete one of the existing uploaded files first.
    The maximum number of 3 allowed files to upload has been reached. If you want to upload more files you have to delete one of the existing uploaded files first.
    Posting as
    You need to be a member to post comments. Become a member today
    Got a tip for us?
    If you have any news tips or stories to share, feel free to send them our way.
    Momentum Media Logo
    Most Innovative Company