CVN 3.03% 16.0¢ carnarvon energy limited

News: CVN Carnarvon Energy Will Issue 234.8 Million New Shares At A$0.30 Per Share

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    March 28 (Reuters) - Carnarvon Energy Ltd (CVN) :

    • WILL ISSUE 234.8 MILLION NEW SHARES AT AN ISSUE PRICE OF A$0.30 PER SHARE
    • FULLY UNDERWRITTEN INSTITUTION PLACEMENT TO RAISE APPROXIMATELY A$70 MILLION
    • PROCEEDS FROM INSTITUTIONAL PLACEMENT WILL BE USED TO BRING DORADO LIQUIDS DEVELOPMENT TO FINAL INVESTMENT DECISION IN 2022
 
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