StockMarketWire.com - Oil and gas company Empyrean Energy said it completed its £640.5K equity placing at a discount, and raised £200K from the sale of shares to Long State at a 3% premium.
The company placed 14,233,334 shares at a price of 4.5p a share, representing a 7.2% discount to the price of the company's shares on 10 September 2020.
In a separate statement, the company said it had sold 4m shares to Long State at a price of 5p a share, a 3% premium, raising £200K.
'The funds will be used to meet any project payment requirements on the company's portfolio of assets and for its general working capital requirementsm; the company said.
At 8:41am: [LON:EME] Empyrean Energy PLC share price was -0.1p at 4.75p
Story provided by StockMarketWire.com
Shares Magazine
Shares is the leading weekly publication for retail investors. It is packed with investment ideas, news and educational material to help build and run portfolios and get more from your money.
Investor Events
Shares puts on free Investor Events throughout the year across the country. They provide an opportunity for investors to learn more about companies on the stock market and hear from a range of investment experts including fund managers and Shares journalists.