Market Impact: Negative. LGO has issued approximately 111 mm shares to raise gross proceeds of £1.0 mm. The issue price of 0.9 pence per share is near our core NAV estimate of £0.01 per share. The stock has traded down 12% today to near the issue price.
05 Oct 2015
LGO ENERGY PLC (LGO LN) UNDERTAKES SMALL EQUITY RAISE OF £1.0 MM
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LGO ENERGY PLC (LGO LN) UNDERTAKES SMALL EQUITY RAISE OF £1.0 MM
Columbus Energy Resources (CERP:LON) | 0 0 0.0%
- Published:
05 Oct 2015 -
Author:
Darren B. Engels -
Pages:
2
Market Impact: Negative. LGO has issued approximately 111 mm shares to raise gross proceeds of £1.0 mm. The issue price of 0.9 pence per share is near our core NAV estimate of £0.01 per share. The stock has traded down 12% today to near the issue price.