"completed its fully subscribed $10 million strategic Zimbabwean institutional placement"
"Mutapa Investment Fund of Zimbabwe underwrote $5 million"
"secondary listing on the Victoria Falls Stock Exchange is scheduled for 2 August 2024"
"issued 151,515,152 shares at a price of A$0.10"
"participants will also receive an option to subscribe for one share for every four shares subscribed exercisable at A$0.30 with a two-year option period"
"funds will be used to advance the Cabora Bassa project, including Mukuyu-2 flow testing and advancement of early monetisation opportunities"
"plus purchase of long lead items for shallow exploration wells targeting the Eastern Margin and Basin Margin plays"
"engaged in active discussions on multiple fronts to bring in strategic participants to the Cabora Bassa project through the completion of a farmout"
"accelerate development of the project"
https://oilman.beehiiv.com/p/oilman-jims-letter-august-4-2024
Worth reading
"completed its fully subscribed $10 million strategic Zimbabwean...
-
- There are more pages in this discussion • 2 more messages in this thread...
You’re viewing a single post only. To view the entire thread just sign in or Join Now (FREE)
