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Maple Energy PLC Announces Pricing and Placing Of Ordinary Shares Raising Aggregate Gross Proceeds Of Approximately £9.03 Million


Tuesday, 29 Jan 2013 02:00am EST 

Maple Energy plc announced that it placed 14,921,595 Shares to investors at price of 60.5 pence (USD 0.95) per share to raise approximately £9.03 million (USD 14.18 million) in gross proceeds. The completion of the Placing and admission to trading of the Placing Shares is expected to occur on February 4, 2013. The Company’s Directors intend the net proceeds from the Placing to be used to further expand and enhance the ethanol business, including additional plantation development, the acquisition of additional equipment for harvesting, and the purchase of additional spare parts and equipment to provide for increased Ethanol Plant availability, and for working capital and general corporate purposes. 

Company Quote

6.25
0.125 +2.04%
11:21am EDT