14 April 2016

Ghana Oil Plans Rights Offer of 139.6m Shrs at 1.24 Cedis Each

Co. to offer 0.5536 new shrs for every 1 held, according to statement e-mailed by Ghana Stock Exchange.

* Offer opens May 3, closes May 18;
* Co. to use proceeds for capital reorganization;
* SAS Finance Group appointed as transaction adviser. Source: Bloomberg