Jadestone has raised US$110 mm (£83.9 mm) of equity, upsized from US$95 mm, at 35p/sh, equal to the company’s TSX closing price on 16th July 2018 of C$0.61/sh. US$80 mm of the proceeds will be used for the Montara acquisition, US$5 mm for partial funding of a Stag infill well and US$15 mm for the partial funding of the cancellation of the company’s convertible loan facility. Market interest exceeded even the company’s expectations, resulting in the opportunity to incre
03 Aug 2018
FLASH: US$110 mm fundraising & publication of AIM admission document
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FLASH: US$110 mm fundraising & publication of AIM admission document
Jadestone Energy PLC (JSE:LON) | 23.8 0 0.0% | Mkt Cap: 128.5m
- Published:
03 Aug 2018 -
Author:
Stephane Foucaud -
Pages:
2 -
Jadestone has raised US$110 mm (£83.9 mm) of equity, upsized from US$95 mm, at 35p/sh, equal to the company’s TSX closing price on 16th July 2018 of C$0.61/sh. US$80 mm of the proceeds will be used for the Montara acquisition, US$5 mm for partial funding of a Stag infill well and US$15 mm for the partial funding of the cancellation of the company’s convertible loan facility. Market interest exceeded even the company’s expectations, resulting in the opportunity to incre