Financial Times FT.com

Afren raises £105m

By Matthew Kennard

Published: November 10 2009 20:33 | Last updated: November 10 2009 20:33

Afren, the West Africa-focused oil and gas exploration company, has raised £104.9m ($175m) through a placing of new shares.

The shares were placed at 81p, a 9 per cent discount to the open-market price.

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