PMI looks to raise capital for Argentine investment

PMI looks to raise capital for Argentine investment

Argentina Equity

PMI Resources could raise capital by more than $200m to help pay for investments in oil and gas exploration blocks in Argentina, LatinFinance understands. Bank of America Merrill Lynch along with Canada’s GMP First Securities and TD Bank are expected to finish a capital increase in June, two equity capital markets sources said. PMI will likely use the proceeds to acquire Patagonia Oil Corp, which has a 50% stake in the Llancanelo and Llancanelo R oil exploration blocks in Argentina’s

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