SDX Energy announces closing of second tranche of private placement
SDX Energy Inc., an oil and gas exploration and production company with assets in Egypt, has announced that, further to its news release dated May 20, 2016, it has completed the second tranche of the private placement.
The second tranche consists of 3,910,000 common shares (the ‘Placement Shares’) that had been placed with an investor conditionally upon the receipt of final acceptance of the transaction by the TSX Venture Exchange, which has now been obtained. Admission of the Placement Shares to trading on the AIM market of the London Stock Exchange and commencement of dealings is expected to take place at 8.00 a.m. (London time) on Thursday, 28 July 2016. The subscription price was 18 pence (C$0.33) per Placement Share.
About SDX Energy Inc.
SDX is an international oil and gas exploration, production and development company, headquartered in London, England, UK, with a principal focus on Egypt. In Egypt, SDX has an interest in two production concessions: NW Gemsa and West Gharib (Meseda) both located in the Eastern Desert. SDX’s portfolio also consists of South Ramadan, a development asset in the Gulf of Suez; South Disouq, an exploration asset in the Nile Delta. For further information please see the website of the Company at www.sdxenergy.com or the Company’s filed documents at www.sedar.com.
(SDX Energy Press Release)