Shemen Oil And Gas Resources Ltd announced that it has received ILS 20 million in funding from Finks A.I. Assets Ltd., Win Capital Group, Y.A.Z. Investments & Assets Ltd., and other investor.
On December 23, 2012, Shemen Oil And Gas Resources Ltd closed the transaction. Arena Capital Exchange Scene (2009) Ltd. invested ILS 10,000,000 for 58,823,529 shares, Win Capital Ltd. invested ILS 3,600,000 for 21,176,470 shares, Y.A.Z. Investments & Assets Ltd. invested ILS 3,600,000 for 21,176,470 shares, and Finks A.I. Assets Ltd. invested ILS 2,800,000 for 16,470,589 shares, to acquire 1.82%, 0.65%, 0.65%, and 0.52% stake respectively. The shares represent 3.64% stake in the company. The shares will be vested for six months. The transaction is still subject to approval from the Tel Aviv Stock Exchange.