Reports - 29 October, 2015
The General Assembly of Araca Energy ASA approved on the EGM 29th of October 2015, an increase of share capital by issuing 11,860,000 new shares in the Company at a price of NOK 1.40 per share, completing the agreement with MAC SA, a subsidiary of a Kuwaiti investment bank. The nominal value is NOK 0,25 per share. After the transaction, MAC SA holds approximately 0.8 percent of the Company's share capital.
