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Rex International gets 1.21m Fram shares worth US$7m

REX International has received 1.21 million shares in Fram Exploration ASA at US$5.80 apiece. The number of shares issued was reduced from 1.27 million.

Valued at US$7 million, the shares represent 4.79 per cent of the enlarged share capital of Fram. The transaction, completed on Nov 20,...

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