UK-based independent Sirius Petroleum plans to raise around ￡1.1 million ($1.82 million) through a share placing to fund technical and legal costs for a potential marginal field acquisition in Nigeria and for general business purposes. Sirius, which is eyeing a number of opportunities mainly in Nigeria, said it will place just over 18.33 million new ordinary shares of 0.25 pence each, at 6p/share with new and existing institutional investors.
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