Vantage Drilling Prices Public Offering

Vantage Drilling has priced its public offering of 30,000,000 of its ordinary shares at a price to the public of $1.49 per share. Vantage has also granted the underwriters an option exercisable for a period of 30 days to purchase up to an additional 4,500,000 ordinary shares to cover over-allotments, if any.

The closing of the offering is expected to occur on or about January 27, 2010, subject to customary closing conditions. Assuming no exercise of the underwriters' over-allotment option, Vantage expects to receive gross proceeds of approximately $44.7 million. Vantage intends to use proceeds from this offering for working capital and for general corporate purposes.


Our Privacy Pledge

Most Popular Articles

Brent Crude Oil : $51.46/BBL 4.63%
Light Crude Oil : $48.9/BBL 4.78%
Natural Gas : $3.18/MMBtu 0.90%
Updated in last 24 hours