Kerman & Co advises DekelOil Public Limited on fundraise to expand its operations in West Africa
October 31, 2014
Kerman & Co. LLP have advised DekelOil Public Limited (“DekelOil”) on the successful fundraise of £1.5 million before expenses through a placing of 87,200,000 new ordinary shares and a subscription of 35,706,720 ordinary shares in the capital of the Company at a price of 1.25 pence per share with institutional and private investors (“Placing”).
The net funds raised under the Placing will enable DekelOil to invest in a new kernel crushing plant at Ayanouan, Cote d’Ivoire, which will allow DekelOil to extract further value from the kernels from its operational 60 tn/hr crude palm oil extraction mill, which is one of the largest in West Africa.
Kerman & Co’s Capital Markets Team has extensive experience of working with clients and their advisors to raise in excess of US$1 billion in public capital markets financing including institutional private placing, company arranged placings, open offers and rights issues.
Asad Qayyum (Associate) in the Corporate and Capital Markets Team advised UK Oil & Gas Investments PLC on this transaction.