TXN 0.00% 58.0¢ texon petroleum ltd

4 million crossing before the market @ 65, page-4

  1. 1,655 Posts.
    RichE

    It just so happens that Macquarie is providing that kind of finance to both EKA and to the UK partner, Empyrean, so the story makes sense. It's actually quite a nifty deal. The options will provide capital for projects that can't be debt financed and Macquarie get the opportunity of taking another 'fee' - for underwriting. They did a smooth job of placing the shares also. Good luck with the asset sales.
 
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