Serica Offers Canadian Shares, Raises $52 Million
Serica Energy is offering the pricing of shares by way of a private placement in the United Kingdom and pursuant to a short form prospectus in the Canadian provinces of British Columbia, Alberta, Saskatchewan, Manitoba and Ontario. The closing of the offering is currently expected to take place on or about Jan. 7, 2008.
Serica's intended use of proceeds from the offering of Ordinary shares is to support its exploration and field appraisal drilling programs in 2008 and 2009 in Southeast Asia, the UK, Norway, Spain and Ireland.
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