Caracal Energy Inc. announce the completion of the previously announced placing and open offer. A total of 27,862,994 common shares have been issued pursuant to the firm placing and placing and open offer (the "Financing") for total gross proceeds of approximately U.S.$201.8 million. The total number of new common shares comprised 5,782,880 issued pursuant to the firm placing (the "Firm Placed Shares") and 22,080,114 issued pursuant to the placing and open offer (the "Open Offer Shares").

Admission and total voting rights

As previously announced, the Firm Placed Shares were admitted to listing on the premium listing segment of the Official List and to trading on the London Stock Exchange plc's main market for listed securities ("Admission") on 13 November 2013. Admission in respect of the Open Offer Shares has occurred and dealings in the Open Offer Shares commenced at 8.00 a.m. (GMT) today. As a result, the Company's issued share capital now consists of 143,532,412 common shares. The Company does not hold any treasury shares.

Tags: Caracal Energy Inc.