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Nuenergy Gas Ltd Announces Rights Issue

Sunday, 3 Mar 2013 06:09pm EST 

Nuenergy Gas Ltd announced that a fully underwritten non-renounceable Rights Issue of two new shares for every five shares held on the Record Date of March 13, 2013 will be made to shareholders of NuEnergy at the issue price of AUD 0.075 per share, to raise AUD 6 million before transaction costs. The Company will issue 80,474,259 fully paid ordinary shares pursuant to Rights Issue. The funds for the Rights Issue will be used for the PSC work program and budget/pilot program in Sumatra; further exploration in Eastern Africa; and working capital and the expenses of the rights offer. 

Company Quote

17 Dec 2014