Norton Rose Fulbright has advised Lekoil Limited, the AIM listed oil and gas exploration and development company with a focus on Nigeria and West Africa, in relation to the placing of 113,282,000 new Ordinary Shares at a price of 55 pence per Ordinary Share, raising gross proceeds of approximately £62 million.

The placing was conducted in two stages. The first placing shares were admitted to trading on AIM on 6 November 2013 and the second placing shares were admitted on 22 November 2013.

The placing was conditional, inter alia, upon shareholder approval which was obtained at an Extraordinary General Meeting held on 21 November 2013.

The team was led by corporate partner, Bayo Odubeko assisted by senior associate, Julie Keefe, and Tessa Svennevik.