AJQ armour energy limited
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News: AJQ Armour Energy Successfully Closes Private Placement

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    23/09/19
    11:45
    Post #: 40524929

    Sept 23 (Reuters) - Armour Energy Ltd (AJQ) :

    • SUCCESSFULLY CLOSED A PRIVATE PLACEMENT RAISING GROSS PROCEEDS OF $4M VIA ALLOTMENT OF 80M SHARES AT A PRICE OF 5 CENTS EACH
    • PROPOSES TO UNDERTAKE AN ENTITLEMENT OFFER TO EXISTING SHAREHOLDERS ON SAME TERMS AS PLACEMENT
    • PROCEEDS OF PRIVATE PLACEMENT WILL BE USED BY COMPANY TO PROGRESS ITS KINCORA PROJECT FIELD PROGRAM, AMONG OTHER THINGS
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