Greenfields Petroleum Corp.
Intends to seek admission of its common shares, to trading on the London Stock Exchange's AIM Market under the ticker GNF.L and the restructuring of senior secured debt to strengthen the balance sheet.
Concurrently with admission, and subject to the receipt of regulatory approval, the company is seeking to raise up to $60 million by way of private placement of new common shares in the capital of the company which is anticipated to occur in November 2018. The net proceeds of the placing will be used to strengthen the company's balance sheet and accelerate the company’s growth through the implementation of an active work program that is anticipated to deliver a step-change in production and financial profile.