Taken from a energy stock I have which announced the following last week and at a premium......I guess Sevo,
something similar for starters would be what your saying?
Senex Energy Limited (ASX:SXY, "Senex") today announces that specialist energy investor EIG Global Energy Partners ("EIG") will become a substantial shareholder, with Senex and EIG to work together to establish a funding model to accelerate development of the Company’s flagship Western Surat Gas Project.
Key points:
Senex has conducted a raising of approximately A$55 million via a placement to certain EIG-managed funds and other institutional investors at a subscription price of A$0.315 per share
Senex is offering eligible shareholders the ability to participate in a Share Purchase Plan, to be capped at A$40 million
Senex and EIG to work together to develop an appropriate funding model for the Western Surat Gas Project and other growth projects within Senex’s portfolio, including EIG participation in such funding
EIG development funding of up to US$300 million for Western Surat Gas Project acceleration1
EIG currently holds approximately 2.7% of Senex issued capital following on-market purchases. EIG will hold approximately 12% of the expanded Senex issued capital following completion of the Institutional Placement and Share Purchase Plan2
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Taken from a energy stock I have which announced the following...
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