United States

Sino Gas & Energy Holdings Ltd completes A$80 million placement

Wednesday, 22 Apr 2015 07:58pm EDT 

Sino Gas & Energy Holdings Ltd:Says completion of capital raising with commitments received for placement of 500 million shares at A$0.16 per share to raise A$80 million.Proceeds from placement will be used to fund the company's expenditure requirements materially towards Overall Development Plan (ODP) including the aggressive build out of production through drilling, and adding new central gathering stations, and continued exploration activity.Proceeds will also provide additional working capital, flexibility to repay debt, and a position of financial strength for the company in its commercial dealings as well as general corporate purposes. 

Company Quote

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24 Mar 2017