EEG 4.92% 29.0¢ empire energy group limited

Ann: Empire Completes $46.8 Million Capital Raise, page-26

  1. 3,851 Posts.
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    Seems like a good raise to me - from an outsiders opinion.

    c. 30% more shares on issue at only a c. 15% discount means that those participating were happy to agree on a higher valuation of the company than was trading on market.

    MC at 18c was $140m
    MC at 16c post raise is $160m
 
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