Corcel plc has issued 900 million placing shares, in connection with the £3.6m fundraise on 19 March. TVRs Following admission, the company’s total issued share capital will comprise 9,415,475,996 ordinary shares, each with one voting righ. The company does not hold any ordinary shares in treasury. Net proceeds will fund drilling Corcel’s first exploration well, […]
Tag: KON-16 exploration well – Kwanza Basin – Angola
Corcel raises £3.6m
Corcel plc has raised £3.6 million via a subscription with “a number” of its existing strategic investors, for 950m new ordinary shares of £0.0001 each, at a price of £0.004 per share. TVRs The company said that the shareholders had made the approach in order to increase their investment at the current market price. Each […]