Developing oil and gas company Hardman Resources said yesterday it had received acceptances from 91.12 per cent of shares eligible to participate in its shareholder entitlement issue. Once the issue has been completed Hardman will have 632.64 million shares on issue. Hardman said it also intends to issue 800,000 new shares to Woodside, which operates the Chinguietti oil field in Mauritania in which the junior has a 21 per cent stake. The additional shares will take Woodside's shareholding to 10.5 per cent. AAP
