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Provider: Thomson Reuters Stock Report
Provider: Reuters Investment Profile
Provider: Wright Reports
Provider: Thomson Reuters Stock Report

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Geo Energy Resources Ltd launches Singapore IPO-The Business Times

Tuesday, 9 Oct 2012 08:00pm EDT 

The Business Times reported that Geo Energy Resources Ltd launched its Initial Public Offering (IPO) of 289.26 million invitation shares on Wednesday at 32.5 Singapore cents per piece. The IPO consists of about 258.35 million new shares and about 30.92 million vendor shares. It will raise net proceeds of USD63.7 million from the IPO, and plans to use USD25 million for the acquisition of additional mining equipment and machinery, and USD2 million for the construction of jetty and barge loading facilities for which licenses have already been obtained. The group said USD10 million will be used for business expansion purposes by way of JVs and M&As, and the remaining USD26.7 million for general working capital purposes. 

Company Quote

-0.0050 -1.75%
11 Jul 2014