Johannesburg - Shares of SacOil Holdings [JSE:SCL] fell more than 2% as the South
African oil and gas explorer said it would issue 25 million new shares at R0.34
each to raise R8.3m.
SacOil, which says it will use the money to fund costs
related to potential transactions, wss down 2.5% at R0.39 on Monday morning.