Renergen has successfully completed the placement of 4.3mm shares at R24.64/sh or A$2.14/sh (a 10% discount to the VWAP) to raise R107.6 million (~US$6.3mm). The proceeds will be used for working capital, additional costs relating to the studies required for the further development of Phase 2 of the Virginia Gas Project and costs associated with the turning on of the Phase 1 liquid helium plant.
top of page
Search
Recent Posts
See AllPulsar Helium closed the first tranche of its private placement, issuing 5.26mm shares at US$0.38/sh (~4% discount to the previous day's...
Renergen has denied rumours that it is facing business rescue (a form of bankruptcy protection). The company has urged its investors to...
Avanti Helium upsized its private placement from 13.36mm to 17.03mm units, now targeting gross proceeds of C$1.53mm. Each unit includes...
bottom of page