Serinus Energy plc (AIM: SENX), international oil company with operations in Romania and Tunisia, has successfully raised US$21m through an oversubscribed placing, with Shore Capital acting as Joint Bookrunner.

The proceeds of the Placing will be used as part of a proposal to retire the EBRD Convertible Debt, and for the installation of pumps in a well work over programme for the Sabria field in Tunisia.

For further information please contact:   

Shore Capital +44 (0) 20 7408 4090

Corporate Broking: Jerry Keen

Corporate Advisory: Toby Gibbs / John More

For Shore Capital media enquiries, please contact:   

Adele Gilbert: +44 (0)74 8477 8331

Note to editor

About Shore Capital

We are an independent securities business offering institutional and corporate clients leading investment banking, research, sales and trading services, including fixed income. We are represented across the UK enabling extensive distribution and institutional coverage. This distribution capability is complemented by our experienced corporate advisory and broking team who offer discreet, innovative and valued advice to companies on both the Main Market and AIM. Shore Capital is also the third largest market maker by number of AIM stocks covered.

Our cross-disciplinary team has deep, market leading experience in a wide range of small and mid-cap UK companies within the following sectors: Consumer, Financials, Healthcare, Insurance, Natural Resources, Real Estate, Support Services, Technology and Media. Our research on over 250 companies is distributed to an extensive institutional client base in the UK, Europe and US.

Shore Capital is a trading name of both Shore Capital Stockbrokers Limited and Shore Capital and Corporate Limited.