WFW advises AIM-listed New World Oil and Gas plc in relation to a proposed financing package of up to US$50 million
Watson, Farley & Williams (“WFW”), a leading international law firm, is pleased to announce that it has advised New World Oil & Gas plc (“New World”) on a proposed financing package of up to US$50 million to acquire and pursue new business opportunities.
The financing is to be provided by Niel Petroleum S.A., a Luxembourg incorporated oil and gas company, and comprises of an issue of ordinary shares to raise US$25 million and a proposed loan of US$25 million.