Swala Oil And Gas Tanzania Plc, subsidiary of Australian Swala Energy Limited, was authorised by Tanzanian Capital Markets and Securities Authority (CMSA) to list at Dar Es Salaam Stock Exchange (DSE) Enterprise Growth Market (EGM).
Swala Tanzania will offer to the public up to 9.6 million shares at TZS 500 per share and hope to raise up to TZS 4.8 billion.
Swala Tanzania will offer to the public up to 9.6 million shares at TZS 500 per share and hope to raise up to TZS 4.8 billion.
The Initial Pubblic offering (IPO) will start on Monday 9th June 2014 and close on Friday 4th July 2014.
Swala Tanzania is an oil and gas exploration company with interests in two licences in Tanzania: of Kilosa-Kilombero and Pangani.
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