Jasper: Jasper will have a fleet of 4 rigs upon completion after exercising its option for another jackup rig from KepCorp. To finance the acq, co intends to issue 122.1m new shares at $0.096 per share (a 37% premium to last traded) to Hygrove Invt for a total of $11.7m. ..
Recently, Jasper has obtained a US$194m loan from controlling sh/h Morton Bay and placed new shares to Hygrove for US$8.9m on 16 Mar 2011. Co has a 98.1% owned subsidiary Jasper Offshore which holds its rigs and offshore marine businesses but as of 3Q results in Dec, still posted a loss of US$6.5m.
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