Well I know how they are going to fund the drill now.
$10 mil placement at 24c.
Todays announcement
$10 Million Placement Completed
CityView Corporation Limited (“CityView”) is pleased to announce that it has successfully completed the placement of 41.71 million ordinary shares at $0.24 per share to raise $10 million. Intersuisse Corporate Pty Ltd acted as a manager to the placement, with participation from local and overseas sophisticated and other investors under Section 708 of the Corporations Act.
The Company will primarily utilise the funds raised through this placement to finalise its oil projects in Angola and Cameroon and increase its holding in Fortitude Minerals Limited.
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