SINGAPORE (FSCwire) - Jadestone Energy Inc. (TSXV:JSE) ("Jadestone" or the "Company"), an independent oil and gas production company focused on the Asia Pacific region is pleased to announce that it has conditionally raised US$110 million (£83.9 million), upsized from US$95 million, with new and existing institutional investors (the "Placing").
Highlights of the Placing
· The fundraising was comprised of a placing and direct subscription for an aggregate of 239,711,474 new common shares (the "New Shares") at 35 pence per share ("Fundraising Price") raising gross proceeds of US$110 million
· New Shares represent 108% of the Company's pre-fundraising issued share capital
· The Fundraising Price was equal to the closing price of the Company's shares on the TSX Venture Exchange ("TSXV") on 16 July 2018, C$0.61/share
· Certain Directors and members of the management team and persons connected to them have collectively subscribed for US$1.265 million
· The net proceeds of the fundraising will be used as follows:
O Equity financing for the Montara acquisition: US$80 million
O Partal funding of Stag infill well: US$5 million
O Partial funding for the cancellation of the Company's convertible loan facility with Tyrus Capital Event S.à r.l.: US$15 million
Click on, or paste the following link into your web browser, to view the associated PDF document.
This information is provided by RNS, the news service of the London Stock Exchange. RNS is approved by the Financial Conduct Authority to act as a Primary Information Provider in the United Kingdom. Terms and conditions relating to the use and distribution of this information may apply. For further information, please contact rns@lseg.com or visit www.rns.com.
To view the associated document to this release, please click on the following link: public://news_release_pdf/jadestonePR08022018.pdf
Für den Inhalt des Beitrages ist allein der Autor verantwortlich bzw. die aufgeführte Quelle. Bild- oder Filmrechte liegen beim Autor/Quelle bzw. bei der vom ihm benannten Quelle. Bei Übersetzungen können Fehler nicht ausgeschlossen werden. Der vertretene Standpunkt eines Autors spiegelt generell nicht die Meinung des Webseiten-Betreibers wieder. Mittels der Veröffentlichung will dieser lediglich ein pluralistisches Meinungsbild darstellen. Direkte oder indirekte Aussagen in einem Beitrag stellen keinerlei Aufforderung zum Kauf-/Verkauf von Wertpapieren dar. Wir wehren uns gegen jede Form von Hass, Diskriminierung und Verletzung der Menschenwürde. Beachten Sie bitte auch unsere AGB/Disclaimer!
