Valeura has issued approximately 10.5 mm common shares to raise gross proceeds of approximately C$60 mm. We were previously research restricted, due to the equity issue. However, most of our estimates are relatively unchanged, as we had previously forecasted an equity issue to support future appraisal and development drilling, following the successful Yamalik-1 exploration well that discovered a basin centered natural gas play in Turkey.
05 Mar 2018
Closed equity finance to raise gross proceeds of C$60 mm
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Closed equity finance to raise gross proceeds of C$60 mm
Valeura has issued approximately 10.5 mm common shares to raise gross proceeds of approximately C$60 mm. We were previously research restricted, due to the equity issue. However, most of our estimates are relatively unchanged, as we had previously forecasted an equity issue to support future appraisal and development drilling, following the successful Yamalik-1 exploration well that discovered a basin centered natural gas play in Turkey.