Jasper: Morton Bay, which owns a 79% stake, will capitalise all its existing loans of about US$194.6m, to support Jasper's fleet-expansion ambitions. Recall Jasper ordered a US$180m rig from Keppel Corp yday, with an option for another…
Morton Bay will subscribe for 1.95b new Jasper shares at 13cts/sh. Jasper will also raise about US$8.9m by issuing 121m new shares to Hygrove Investments 9.6cts/sh. Jasper last closed at 8cts, so the new issues will be done at 63%, 20% premium r’ptively. This may spur near term trading interest in the concept stock.
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