Caspian Sunrise announced a capital raise of £1.0M at 2.75p to accelerate the repayment of its trade creditor positions. We note the company had previously announced its relatively tight working capital position following the switch to export status at the MJF structure in 2019, the impact of the measures taken to combat the Covid-19 virus and weakness in crude oil prices. The company indicated that the capital raised allows its trade creditor position to be brought into balance and that another ....
06 Aug 2020
WHI First Light: Caspian Sunrise (CASP) - £1M Equity Raise and Operational Update
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WHI First Light: Caspian Sunrise (CASP) - £1M Equity Raise and Operational Update
Caspian Sunrise PLC (CASP:LON) | 4.0 0 0.0% | Mkt Cap: 90.0m
- Published:
06 Aug 2020 -
Author:
Brendan Long -
Pages:
4
Caspian Sunrise announced a capital raise of £1.0M at 2.75p to accelerate the repayment of its trade creditor positions. We note the company had previously announced its relatively tight working capital position following the switch to export status at the MJF structure in 2019, the impact of the measures taken to combat the Covid-19 virus and weakness in crude oil prices. The company indicated that the capital raised allows its trade creditor position to be brought into balance and that another ....