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Maple Energy PLC Announces Completion Of Approximately GBP9.03 Million Private Placement


Monday, 4 Feb 2013 09:59am EST 

Maple Energy PLC announced the completion of its share offer by way of a private placement of 14,921,595 ordinary shares (the Placing Shares) at a price of 60.5 pence ($ 0.95) per Placing Share with investors for approximately GBP9.03 million ($14.18 million) in gross proceeds before expenses. Admission of the Placing Shares to trading on AIM became effective and dealings commenced at 08:00 (GMT), February 4, 2013. The Directors intend the net proceeds from the Placing to be used (i) 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 (ii) for working capital and general corporate purposes. 

Company Quote

7.25
0.25 +3.57%
28 Aug 2014