Coastal Africa commences trading today on AIM following a £17.36m equity raise at 161p/sh and the issuance of a £10m convertible loan note to BP, which has an exclusivity agreement relating to crude offtake and marketing.The Company will be an ‘investing company’ upon Admission to AIM, but intends to make an acquisition and become an operating company within 18 months in accordance with the AIM Rules for Companies.The leadership team has significant execution experience, with a track record of d ....
