The broker was offering the 112.6 million shares at 81¢ each, according to terms sent to potential buyers.The trade was at a 5.8 per cent discount to the last close.
Ndovu Capital agreed to have its remaining interest locked up for 60 days. The investor retained 149 million shares or 4.99 per cent of the company, the term sheet said. co-edits Street Talk, specialising in private equity, investment banking, M&A and equity capital markets. He has 10 years' experience as a business journalist and worked at PwC, auditing and advising financial services companies.
Source: Energy Industry News (energyindustrynews.net)
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