BRU

1.49%

6.8¢ buru energy limited

Ann: Trading Halt, page-19

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Frogen

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29/04/21

10:23

Post #: 52804619
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Originally posted by DrDaryl ↑

[BCOLOR=rgba(0,0,0,0)]Euroz Hartleys is today undertaking a placement of fully paid ordinary shares in Buru Energy Limited (ASX:BRU) ([BCOLOR=rgba(0,0,0,0)]BRU[/BCOLOR]) to raise between A$10 million to A$15 million ([BCOLOR=rgba(0,0,0,0)]Placement[/BCOLOR]).[/BCOLOR]
[BCOLOR=rgba(0,0,0,0)] [/BCOLOR]
[BCOLOR=rgba(0,0,0,0)]The Placement is being undertaken at [BCOLOR=rgba(0,0,0,0)]15.0 cents (A$0.15) per share[/BCOLOR], representing a discount of 26% to the 10 day VWAP and a discount of 25% to the last closing price.[/BCOLOR]
[BCOLOR=rgba(0,0,0,0)]
Euroz Hartleys has been appointed as Joint Lead Manager in respect of the Placement together with Aitken Murray Capital Partners.[/BCOLOR]
[BCOLOR=rgba(0,0,0,0)]In addition to the Placement, BRU intends to undertake an SPP to raise up to an additional $5 million.[/BCOLOR]
[BCOLOR=rgba(0,0,0,0)]
[BCOLOR=rgba(0,0,0,0)]Use of funds[/BCOLOR][/BCOLOR]
[BCOLOR=rgba(0,0,0,0)]Buru has confirmed to the Joint Lead Managers that funds raised pursuant to the capital raising will be used for:[/BCOLOR]

[BCOLOR=rgba(0,0,0,0)]2021 Canning Basin exploration program (Buru share of expenditure in excess of Origin carry in respect to the Kurrajong 1 and Rafael 1 wells);[/BCOLOR]

[BCOLOR=rgba(0,0,0,0)]Ungani 8 development well and associated infrastructure (Buru’s 50% share);[/BCOLOR]

[BCOLOR=rgba(0,0,0,0)]other exploration activities; and[/BCOLOR]

[BCOLOR=rgba(0,0,0,0)]general working capital purposes.[/BCOLOR]

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Looks like they are just making hay while the suns shining ......................
BRU Price at posting: 20.0¢ Sentiment: Buy Disclosure: Held
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Last 6.8¢		Change 0.001(1.49%)		Mkt cap ! $45.65M

Open	High	Low	Value	Volume
6.7¢	7.0¢	6.7¢	$93.05K	1.367M

Buyers (Bids)

No.	Vol.	Price($)
1	32353	6.8¢

Sellers (Offers)

Price($)	Vol.	No.
7.0¢	16171	1

View Market Depth

No.	Vol.	Price($)
1	32353	0.068
2	110000	0.067
5	780449	0.066
6	433943	0.065
7	454947	0.064

Price($)	Vol.	No.
0.070	16171	1
0.078	58502	1
0.080	154473	3
0.082	173913	1
0.084	128205	1

Last trade - 16.10pm 04/10/2024 (20 minute delay)

BRU (ASX) Chart

Ann: Trading Halt, page-19

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Ann: Trading Halt, page-19

Top Stories

Recce eyes Indonesia for novel anti-infective as Indo-Aus ties grow stronger

BCI reaches close of funding facility for salt-first part of Mardie project

White Cliff jumps 24% on 'bonanza grade' copper rock chips at Rae project, Canada

Actinogen Medical ramps up Alzheimer’s treatment trials, targeting fast-track global approvals

Neurotech knocked back by FDA as agency declares target condition not rare enough for special status

Coda Minerals (ASX:COD) enters rights issue to further exploration in South Australia

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Cokal upgrades infrastructure for BBM ramp-up in Indonesia

Buxton projects new graphite province discovery at WA Narryer play

Solstice Minerals to ramp up drilling campaign at Yarri Gold Project

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Buyers (Bids)

Sellers (Offers)

Featured News