Refineria La Pampilla S.A.A. (BVL:RELAPAC1) announced a private placement of common shares for gross proceeds of $100,000,000 on July 23, 2015. The placement price per share is yet to be determined. The transaction was approved by the board of directors of the company.

The board approved that they would consider a placement price that will include a discount of up to 10% over the average price of the share on the stock exchange during the two months since one day after the approval of the transaction.