i3 has now closed the transaction for a £22 mm junior facility and a £2 mm equity placing. Participants in the junior facility and share placing received warrants totalling a notional amount of £24 mm with exercise prices of 40.7p/sh (£8 mm), 48.1p/sh (£8 mm) and 55.5p/sh (£8 mm). In addition, 6.1 mm new shares are being issued to settle arrangement fees.
03 Jun 2019
Fully funded for very high impact drilling
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Fully funded for very high impact drilling
i3 Energy Plc (I3E:LON) | 12.7 0 0.6% | Mkt Cap: 153.1m
- Published:
03 Jun 2019 -
Author:
Stephane Foucaud -
Pages:
4
i3 has now closed the transaction for a £22 mm junior facility and a £2 mm equity placing. Participants in the junior facility and share placing received warrants totalling a notional amount of £24 mm with exercise prices of 40.7p/sh (£8 mm), 48.1p/sh (£8 mm) and 55.5p/sh (£8 mm). In addition, 6.1 mm new shares are being issued to settle arrangement fees.