{"id":7133,"date":"2018-08-03T05:56:14","date_gmt":"2018-08-03T05:56:14","guid":{"rendered":"http:\/\/www.oilnewskenya.com\/?p=7133"},"modified":"2018-08-03T05:56:14","modified_gmt":"2018-08-03T05:56:14","slug":"swala-receives-approval-list-bonds-stock-exchange-mauritius","status":"publish","type":"post","link":"https:\/\/www.oilnewskenya.com\/index.php\/swala-receives-approval-list-bonds-stock-exchange-mauritius\/","title":{"rendered":"Swala Receives Approval To List Bonds On The Stock Exchange Of Mauritius"},"content":{"rendered":"

Swala Oil & Gas (Tanzania) has announced that the Stock Exchange of Mauritius has approved the Company\u2019s Listing Prospectus, allowing the listing of the Company\u2019s US$50 million Corporate Bonds on the SEM with Greenshoe Rights. The Company first announced the move to Mauritius on the 2nd of July 2018. The Company and its advisors will now proceed to finalising the financing for the second and third tranches of the transaction with Orca Exploration Group Inc.<\/p>\n

The Company’s shares remain suspended on the Dar es Salaam Stock Exchange pursuant to its announcement of the 27th July 2018.<\/p>\n

Dr. David Mestres Ridge (Swala CEO) said: \u201cWe are pleased to have concluded the listing process on a stock exchange such as that of Mauritius and will now start placing the bonds with sophisticated investors and Company shareholders with whom we have engaged constantly over the past months. We aim to complete the placing over the next weeks, reflecting the interest that this first Tanzanian oil and gas industry bond has awakened in Tanzania and elsewhere.”<\/p>\n

Last month Swala\u00a0told shareholders<\/a>\u00a0that it would not extend the deadline to complete the previously announced investment by Swala in PAE PanAfrican Energy Corporation, a subsidiary of Orca Exploration Group Inc.\u00a0 of up to US$130 million in consideration of the uncertainty in the timing of the regulatory approval of Swala\u2019s prospectus and listing application in Mauritius.\u00a0\u00a0Orca Exploration\u00a0did however indefinitely extend the timing for the closing of Tranche 2 and 3<\/p>\n","protected":false},"excerpt":{"rendered":"

Swala Oil & Gas (Tanzania) has announced that the Stock Exchange of Mauritius has approved the Company\u2019s Listing Prospectus, allowing the listing of the Company\u2019s US$50 million Corporate Bonds on … Read More<\/a><\/p>\n","protected":false},"author":24,"featured_media":7135,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_jetpack_newsletter_access":"","_jetpack_dont_email_post_to_subs":false,"_jetpack_newsletter_tier_id":0,"_jetpack_memberships_contains_paywalled_content":false,"_jetpack_feature_clip_id":0,"_jetpack_memberships_contains_paid_content":false,"footnotes":"","jetpack_publicize_message":"","jetpack_publicize_feature_enabled":true,"jetpack_social_post_already_shared":true,"jetpack_social_options":{"image_generator_settings":{"template":"highway","default_image_id":0,"font":"","enabled":false},"version":2},"jetpack_post_was_ever_published":false},"categories":[11],"tags":[553,4190,6604,3318,6957,6960,5914],"class_list":["post-7133","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-top-news","tag-dar-es-salaam-stock-exchange","tag-dr-david-mestres-ridge","tag-listing","tag-orca-exploration","tag-pae-panafrican-energy-corporation","tag-stock-exchange-of-mauritius","tag-swala-oil-gas","entry"],"jetpack_publicize_connections":[],"jetpack_featured_media_url":"https:\/\/i0.wp.com\/www.oilnewskenya.com\/wp-content\/uploads\/2018\/08\/Swala-Tanzania.png?fit=484%2C352&ssl=1","jetpack_shortlink":"https:\/\/wp.me\/p5JWkQ-1R3","jetpack-related-posts":[{"id":7122,"url":"https:\/\/www.oilnewskenya.com\/index.php\/swala-halts-investment-pae-panafrican-energy-corporation-citing-regulator-delays\/","url_meta":{"origin":7133,"position":0},"title":"Swala Halts Further Investment in PAE PanAfrican Energy Corporation citing Regulator Delays","author":"","date":"July 16, 2018","format":false,"excerpt":"Swala Oil & Gas (Tanzania) has announced that it will not extend the deadline to complete the previously announced investment by Swala in PAE PanAfrican Energy Corporation, a subsidiary of Orca Exploration Group Inc. of up to US$130 million for any specific time period. The extension pertains to tranche 2\u2026","rel":"","context":"In "Top News"","block_context":{"text":"Top News","link":"https:\/\/www.oilnewskenya.com\/index.php\/category\/top-news\/"},"img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":7297,"url":"https:\/\/www.oilnewskenya.com\/index.php\/energy-tanzania-limited-invests-swala-oil-gas-tanzania-plc\/","url_meta":{"origin":7133,"position":1},"title":"Energy Tanzania Limited Invests in Swala Oil & Gas (Tanzania) plc","author":"","date":"December 17, 2018","format":false,"excerpt":"Swala Oil & Gas (Tanzania) plc has announced that it has entered into a definitive agreement for an initial investment of US$30 million from Energy Tanzania Limited (ETL). ETL is owned by Dr. Reginald Mengi, the well-known Tanzanian entrepreneur and philanthropist, and the funds will be used to develop the\u2026","rel":"","context":"In "Top News"","block_context":{"text":"Top News","link":"https:\/\/www.oilnewskenya.com\/index.php\/category\/top-news\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/www.oilnewskenya.com\/wp-content\/uploads\/2018\/08\/Swala-Tanzania.png?fit=484%2C352&ssl=1&resize=350%2C200","width":350,"height":200},"classes":[]},{"id":2675,"url":"https:\/\/www.oilnewskenya.com\/index.php\/swala-energy-seeks-list-aim-market-london-stock-exchange\/","url_meta":{"origin":7133,"position":2},"title":"Swala Energy seeks to list on the AIM Market of the London Stock Exchange","author":"","date":"March 9, 2015","format":false,"excerpt":"East Africa focused Australian explorer Swala Energy has announced that it is in the preliminary stages of planning a listing on the AIM Market of the London Stock Exchange as the company seeks to improve its liquidity, open it to investment from the London capital markets that have experienced African\u2026","rel":"","context":"In "Top News"","block_context":{"text":"Top News","link":"https:\/\/www.oilnewskenya.com\/index.php\/category\/top-news\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/www.oilnewskenya.com\/wp-content\/uploads\/2014\/10\/swala-energy-1.jpg?fit=650%2C451&ssl=1&resize=350%2C200","width":350,"height":200,"srcset":"https:\/\/i0.wp.com\/www.oilnewskenya.com\/wp-content\/uploads\/2014\/10\/swala-energy-1.jpg?fit=650%2C451&ssl=1&resize=350%2C200 1x, https:\/\/i0.wp.com\/www.oilnewskenya.com\/wp-content\/uploads\/2014\/10\/swala-energy-1.jpg?fit=650%2C451&ssl=1&resize=525%2C300 1.5x"},"classes":[]},{"id":1499,"url":"https:\/\/www.oilnewskenya.com\/index.php\/swala-energy-ipo-in-tanzania-oversubscribed\/","url_meta":{"origin":7133,"position":3},"title":"Swala Energy IPO in Tanzania oversubscribed","author":"Samuel Kamau Mbote","date":"July 24, 2014","format":false,"excerpt":"[twitter-follow screen_name='oilnewskenya'] Swala Energy Limited has provided an update of the Initial Public Offer (IPO) of is Tanzanian subsidiary Swala Oil & Gas (Tanzania) Plc that is in the process of listing on the Dar es Salaam Stock Exchange in Tanzania. The IPO which closed on the 4th of July\u2026","rel":"","context":"In "Top News"","block_context":{"text":"Top News","link":"https:\/\/www.oilnewskenya.com\/index.php\/category\/top-news\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/www.oilnewskenya.com\/wp-content\/uploads\/2014\/06\/swala-energy.jpg?fit=606%2C441&ssl=1&resize=350%2C200","width":350,"height":200,"srcset":"https:\/\/i0.wp.com\/www.oilnewskenya.com\/wp-content\/uploads\/2014\/06\/swala-energy.jpg?fit=606%2C441&ssl=1&resize=350%2C200 1x, https:\/\/i0.wp.com\/www.oilnewskenya.com\/wp-content\/uploads\/2014\/06\/swala-energy.jpg?fit=606%2C441&ssl=1&resize=525%2C300 1.5x"},"classes":[]},{"id":1170,"url":"https:\/\/www.oilnewskenya.com\/index.php\/swala-oil-and-gas-to-raise-kshs-260-million-in-tanzanian-ipo\/","url_meta":{"origin":7133,"position":4},"title":"Swala Oil and Gas to raise Kshs.260 million in Tanzanian IPO","author":"Samuel Kamau Mbote","date":"June 9, 2014","format":false,"excerpt":"Swala Oil and Gas will starting today open its shares to the Tanzanian public selling 9.6 million shares at TZS 500 (approx. $0.31) a share as it seeks to get additional funds to the working capital. The initial public offer that starts today will close on 4th July with the\u2026","rel":"","context":"In "Top News"","block_context":{"text":"Top News","link":"https:\/\/www.oilnewskenya.com\/index.php\/category\/top-news\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/www.oilnewskenya.com\/wp-content\/uploads\/2014\/06\/swala-energy.jpg?fit=606%2C441&ssl=1&resize=350%2C200","width":350,"height":200,"srcset":"https:\/\/i0.wp.com\/www.oilnewskenya.com\/wp-content\/uploads\/2014\/06\/swala-energy.jpg?fit=606%2C441&ssl=1&resize=350%2C200 1x, https:\/\/i0.wp.com\/www.oilnewskenya.com\/wp-content\/uploads\/2014\/06\/swala-energy.jpg?fit=606%2C441&ssl=1&resize=525%2C300 1.5x"},"classes":[]},{"id":1663,"url":"https:\/\/www.oilnewskenya.com\/index.php\/swala-commences-2d-seismic-acquisition-over-tanzanias-moshi-basin\/","url_meta":{"origin":7133,"position":5},"title":"Swala commences 2D seismic acquisition over Tanzania\u2019s Moshi basin","author":"Samuel Kamau Mbote","date":"August 25, 2014","format":false,"excerpt":"[twitter-follow screen_name='oilnewskenya'] Swala Energy Limited has announced the start of its 2014 2D seismic data acquisition programme over the Moshi Basin located within the Pangani exploration licence in northern Tanzania. Swala Oil and Gas (Tanzania) Plc \u00a0which is partly owned by Swala Energy Limited, and its Joint Venture partner Otto\u2026","rel":"","context":"In "Top News"","block_context":{"text":"Top News","link":"https:\/\/www.oilnewskenya.com\/index.php\/category\/top-news\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/www.oilnewskenya.com\/wp-content\/uploads\/2014\/08\/swala-tanzania-seismic-map.png?fit=264%2C375&ssl=1&resize=350%2C200","width":350,"height":200},"classes":[]}],"jetpack_sharing_enabled":true,"jetpack_likes_enabled":true,"_links":{"self":[{"href":"https:\/\/www.oilnewskenya.com\/index.php\/wp-json\/wp\/v2\/posts\/7133","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.oilnewskenya.com\/index.php\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.oilnewskenya.com\/index.php\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.oilnewskenya.com\/index.php\/wp-json\/wp\/v2\/users\/24"}],"replies":[{"embeddable":true,"href":"https:\/\/www.oilnewskenya.com\/index.php\/wp-json\/wp\/v2\/comments?post=7133"}],"version-history":[{"count":1,"href":"https:\/\/www.oilnewskenya.com\/index.php\/wp-json\/wp\/v2\/posts\/7133\/revisions"}],"predecessor-version":[{"id":7136,"href":"https:\/\/www.oilnewskenya.com\/index.php\/wp-json\/wp\/v2\/posts\/7133\/revisions\/7136"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.oilnewskenya.com\/index.php\/wp-json\/wp\/v2\/media\/7135"}],"wp:attachment":[{"href":"https:\/\/www.oilnewskenya.com\/index.php\/wp-json\/wp\/v2\/media?parent=7133"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.oilnewskenya.com\/index.php\/wp-json\/wp\/v2\/categories?post=7133"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.oilnewskenya.com\/index.php\/wp-json\/wp\/v2\/tags?post=7133"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}