Oil and gas company PA Resources has decided to change its strategic focus, towards an accelerated development of existing oil assets, leading to increased production in parallel with continued exploration to increase reserves and resources. In this connection, the company has, inter alia, decided to carry out a new issue of shares of approximately SEK 1.8 billion, with preferential rights for shareholders. The rights issue is fully committed and underwritten by a combination of the company's previous CEO, external guarantors and Carnegie Investment Bank.
DLA Nordic has advised PA Resources in the share issue with a team consisting of Mathias Berggren (responsible partner), Björn Sjöberg and Richard Folke.
