Finder Energy (ASX:FDR) and its Jarl Marine subsidiary signed a sale and purchase agreement with Amplus Energy and a share subscription agreement with Amplus Energy (SSA) to acquire the floating production, storage, and offloading (FPSO) vessel Petrojarl I for $15 million, according to a Wednesday filing with the Australian bourse.

The consideration consists of $6 million in cash and 37.2 million shares, subject to shareholder approval, the filing said.

The company also received binding commitments to raise AU$25 million to support the acquisition through a two-tranche placement of roughly 67.6 million shares at AU$0.37 apiece, per the filing.

Finder Energy shares fell 3% in afternoon trade Wednesday.