Serinus is raising US$3 mm at 10.5p/sh, a premium of 2.4% to yesterday’s close, comprising of 21,553,583 ordinary shares and 2,263,127 warrants. The funds will be used to repay the EBRD US$2.9 mm, payable on 31st March 2019. The company expects to be fully funded for at least the next 12 months following completion of the placing. Certain waivers of loan covenants by the EBRD, which were previously granted, will continue to be required in future quarters through to the end of September
20 Mar 2019
FLASH: US$3mm private placement
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FLASH: US$3mm private placement
Serinus Energy plc (SENX:LON) | 3.0 0 0.0% | Mkt Cap: 3.38m
- Published:
20 Mar 2019 -
Author:
Taro Kiley -
Pages:
2
Serinus is raising US$3 mm at 10.5p/sh, a premium of 2.4% to yesterday’s close, comprising of 21,553,583 ordinary shares and 2,263,127 warrants. The funds will be used to repay the EBRD US$2.9 mm, payable on 31st March 2019. The company expects to be fully funded for at least the next 12 months following completion of the placing. Certain waivers of loan covenants by the EBRD, which were previously granted, will continue to be required in future quarters through to the end of September