AJQ 0.00% 10.0¢ armour energy limited

News: AJQ Armour Energy Ltd updates on capital raising program of up to A$40 million

  1. 190,389 Posts.
    lightbulb Created with Sketch. 2790

    Nov 21 (Reuters) - Armour Energy Ltd (AJQ)

    • Asx alert-cornerstone investor secured for capital raising program-ajq.ax
    • m.h carnegie and co in agreement for up to $17.5m investment as part of a capital raising program of up to $40m
    • Capital raising program of up to $40 million to fund startup of gas production from kincora project
    • Under agreed terms, mh carnegie convertible notes subscription may total up to $17.5 million
    • Armour energy-net proceeds will be primarily used to fund armour's ongoing development of kincora field assets
    • Entities related to armour directors nick mather and stephen bizzell have also committed to subscribe for $1 million each
    • Armour energy ltd - cornerstone investor secured for capital raising program-ajq.ax
 
watchlist Created with Sketch. Add AJQ (ASX) to my watchlist
arrow-down-2 Created with Sketch. arrow-down-2 Created with Sketch.