CVN 0.00% 16.0¢ carnarvon energy limited

Ann: Successful $70 million institutional placement, page-2

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    "Carnarvon Energy Limited (“Carnarvon”) (ASX:CVN) is pleased to announce that the fully underwritten
    institutional placement (“Placement”), as announced to the market on Monday 28 March 2022, was
    successful.

    As a result of the Placement, 234,806,987 new shares will be issued at an offer price of $0.30 per share
    (“New Shares”). The New Shares are expected to settle on Monday 4 April 2022, with allotment on
    Tuesday 5 April 2022."
 
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