"entered into a binding share subscription offer with Mangwana Capital"
"has coordinated up to a $10 million placement to institutional Zimbabwe investors"
"issuance of 151,515,152 shares at a share price of A$0.10"
"Participants 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 raised will be used to advance the Cabora Bassa project"
"Mukuyu-2 flow testing and advancement of early monetisation opportunities"
"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 completion of a farmout to accelerate development of the project"
https://oilman.beehiiv.com/p/oilman-jims-letter-july-31-2024
Worth reading
"entered into a binding share subscription offer with Mangwana...
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