BRU

2.63%

7.8¢ buru energy limited

Looks like they are just making hay while the suns shining...

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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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(20min delay)
Last 7.8¢		Change 0.002(2.63%)		Mkt cap ! $52.36M

Open	High	Low	Value	Volume
8.3¢	8.3¢	7.8¢	$24.38K	304.9K

Buyers (Bids)

No.	Vol.	Price($)
1	26672	7.8¢

Sellers (Offers)

Price($)	Vol.	No.
8.0¢	149741	2

View Market Depth

No.	Vol.	Price($)
1	26672	0.078
1	8326	0.077
1	20000	0.076
4	316673	0.075
2	110000	0.074

Price($)	Vol.	No.
0.080	149741	2
0.085	64941	1
0.088	94777	3
0.089	10014	2
0.090	235853	4

Last trade - 16.10pm 30/08/2024 (20 minute delay)

BRU (ASX) Chart

Looks like they are just making hay while the suns shining...

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Looks like they are just making hay while the suns shining...

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