Ashurst advised Bank of America Merrill Lynch and Barclays in relation to a fundraising for Bowleven plc
Ashurst advised BAML and Barclays (as joint bookrunners) in relation to an accelerated bookbuild placing for AIM-listed oil & gas company Bowleven plc. The new shares issued in the fundraising (which also included a private placement) represent just under 10 per cent of the issued capital of Bowleven and raised approximately US$21 million. The proceeds of the fundraising are to be used to progress Bowleven's oil & gas assets in Cameroon.