Business
Placing Announcement
Placing Announcement.
About this update from Corcel Plc
[{"type":"text","content":"\n \nRNS Number : 5161S Caracal Energy Inc. 07 November 2013 \n \n\nNOT FOR RELEASE, PUBLICATION OR DISTRIBUTION IN WHOLE OR IN PART INTO THE UNITED STATES, CANADA, AUSTRALIA, JAPAN, SOUTH AFRICA OR ANY JURISDICTION IN WHICH IT WOULD BE UNLAWFUL TO DO SO. PLEASE SEE THE IMPORTANT NOTICE AT THE END OF THIS ANNOUNCEMENT.\nTHIS ANNOUNCEMENT IS AN ADVERTISEMENT AND DOES NOT CONSTITUTE A PROSPECTUS OR PROSPECTUS EQUIVALENT DOCUMENT. NOTHING IN THIS ANNOUNCEMENT SHOULD BE INTERPRETED AS A TERM OR CONDITION OF THE FIRM PLACING AND PLACING AND OPEN OFFER. ANY DECISION TO PURCHASE, OTHERWISE ACQUIRE, SUBSCRIBE FOR, SELL OR OTHERWISE DISPOSE OF ANY NEW COMMON SHARES MUST BE MADE ONLY ON THE BASIS OF THE INFORMATION CONTAINED IN THE PROSPECTUS. COPIES OF THE PROSPECTUS WILL BE AVAILABLE ON PUBLICATION FROM CARACAL ENERGY INC.'S REGISTERED OFFICE AND WEBSITE AT WWW.CARACALENERGY.COM. THE DEFINED TERMS SET OUT IN APPENDIX 2 APPLY IN THIS ANNOUNCEMENT.\n \n \n \n \nCaracal Energy Inc. Announces Intention to Proceed with Firm Placing and Placing and Open Offer to raise up to US$200 million\n \n \nCALGARY, Alberta, November 7, 2013 - Caracal Energy Inc. (\"Caracal\" or the \"Company\") (LSE:CRCL) announces its intention to raise gross proceeds of up to U.S.$200 million by way of a firm placing and placing and open offer of new common shares (the \"New Shares\"). \nThe Company intends to offer some of the New Shares to persons outside of Canada by way of a firm placing and placing and open offer (the \"Global Secondary Issue\"), the full details of which will be set out in a prospectus prepared in accordance with the UK Prospectus Rules of the UK Financial Conduct Authority (the \"Prospectus\"). Concurrently with the Global Secondary Issue, the Company intends to offer the remaining New Shares to persons resident in Canada by way of a firm placing and placing and open offer (the \"Canadian Secondary Issue\"), the full details of which will be set out in a prospectus supplement to be filed with applicable Canadian securities regulators. Please note that the terminology of a \"Secondary Issue\" describing the Global Offering, is an issuance by Caracal of new common shares.\nThe price per New Share (the \"Issue Price\") will be determined upon completion of an accelerated book building in respect of the firm plac...