Volga Gas to issue $27m follow-on shares | Volga, Materials, extraction MarchmontNews.com

Volga | Materials, extraction

Volga Gas to issue $27m follow-on shares

19 Jun '09
British gas company Volga Gas has announced plans to issue $27m follow-on shares.

As a result of the issuance, the company’s authorized capital is to increase by 33.3% to $108m.

Under plans, the raised funds are to be invested into development of Karpensky oil and gas deposit in Saratov region, that the company has purchased three years ago.