Announcement from PA Resources Extraordinary General Meeting on 24 May 2010

(Thomson Reuters ONE) -


The shareholders of PA Resources AB (publ) held an Extraordinary General Meeting
on Monday 24 May 2010 in Stockholm, Sweden. The Extraordinary General Meeting
approved the Board's decision to carry out a rights issue.

The Extraordinary General Meeting approved the Board's decision of 6 May 2010 to
carry out a new issue of shares with preferential rights for the company's
shareholders.

The record date for entitlement to participate in the rights issue is on 28 May
2010.

The final terms for the rights issue were announced in a press release on 20 May
2010. The rights issue, which is fully committed and underwritten, will raise
proceeds of approximately SEK 1,761 million before transaction related costs to
the company.

Detailed information about the rights issue will be described in the Prospectus
which has been produced due to the rights issue and will be made public on or
about the 27 May 2010. The Minutes of the Extraordinary General Meeting will be
available on PA Resources' web site www.paresources.se
.

Stockholm, 24 May, 2010

PA Resources AB (publ)

For further information please contact:

Bo Askvik
President and CEO, PA Resources AB
Telephone: +46 8 21 83 82, +46 70 819 59 18
E-mail: info(at)paresources.se
or

Sven Rasmusson
Chairman of the Board
Telephone: +46 8 440 54 30
E-mail: sven.rasmusson(at)raspart.se



PA Resources AB (publ) is an international oil and gas group with the business
strategy to acquire, develop, exploit and divest oil and gas reserves, as well
as explore new findings. The Group operates in Tunisia, United Kingdom, Denmark,
Greenland, Netherlands, Equatorial Guinea and the Republic of Congo
(Brazzaville). PA Resources is one of the largest oil producers in Tunisia and

is also producing oil in the Republic of Congo. The parent company is located in
Stockholm, Sweden.

PA Resources' net sales amounted to SEK 2,113 million during 2009. The company
is listed on the NASDAQ OMX Nordic Exchange in Stockholm, Sweden (segment Mid
Cap) and on the Oslo Stock Exchange in Norway (segment OB Match). For additional
information, please visit www.paresources.se .



[HUG#1418249]





Complete pressrelease: http://hugin.info/130006/R/1418249/368546.pdf

Weitere Infos zu dieser Pressemeldung:
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Bereitgestellt von Benutzer: hugin
Datum: 24.05.2010 - 14:17 Uhr
Sprache: Deutsch
News-ID 21351
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contact information:
Town:

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