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Sirius Petroleum Plc announces conditional placing and subscription

Wednesday, 23 Jul 2014 02:01am EDT 

Sirius Petroleum Plc:Says it has conditionally raised gross proceeds of up to $20,000,000 by way of a placing and a subscription.Conditional Placing of 63,530,215 ordinary shares and subscription of up to 326,333,333 new ordinary shares.Being an aggregate of up to 389,863,548 new ordinary shares at 3 pence per share to raise up to 11,695,906 Pounds (about $20,000,000) before expenses.Proceeds to provide the Group with the equity portion of the funding required to drill its initial well. 

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