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Caspian Sunrise Plc to complete the acquisition of the Caspian Explorer

1 min read | October 19, 2020 11:41 AM BST | By Team Kalkine Media
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Caspian Sunrise Plc (LON:CASP) has informed that re-registration of the shares in Prosperity Petroleum, the sole owner of KC Caspian Explorer LLP, which owns a 100 per cent interest in the Caspian Explorer, has been finalised.

  • Consequently, the company may now complete the acquisition of the Caspian Explorer, a drilling vessel designed to run in the extremely shallow waters of the northern Caspian Sea.
  • The company has further reported that the $25 million headline consideration would be fulfilled by the issue of 160,256,410 new shares of the company at a price of 12pence per share.
  • On 19 October 2020, the stocks of the company remained unchanged at the previous closing, trading at GBX 1.55 at 09:15 AM GMT+1.

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