Empyrean has announced the successful placing of 18.2m shares to raise £840,500 (before costs), the funds will be used for general working capital purposes and to meet any project payment requirements. The placing helps to shore up the Company's balance sheet in a highly volatile market and provide the Company with sufficient funding through to the middle of 2021 and the sale/part sale of its 8.5% working interest in the Duyung PSC, containing the Mako field. We estimate that Empyrean will end 2 ....
14 Sep 2020
Cenkos: Empyrean Energy Plc - Placing Raises £840,500
Sign up to access
Get access to our full offering from over 30 providers
Get access to our full offering from over 30 providers
Cenkos: Empyrean Energy Plc - Placing Raises £840,500
Empyrean Energy PLC (EME:LON) | 0.4 0 7.8% | Mkt Cap: 5.39m
- Published:
14 Sep 2020 -
Author:
James McCormack -
Pages:
6
Empyrean has announced the successful placing of 18.2m shares to raise £840,500 (before costs), the funds will be used for general working capital purposes and to meet any project payment requirements. The placing helps to shore up the Company's balance sheet in a highly volatile market and provide the Company with sufficient funding through to the middle of 2021 and the sale/part sale of its 8.5% working interest in the Duyung PSC, containing the Mako field. We estimate that Empyrean will end 2 ....