Emperor Energy Ltd (ASX:EMP) has received firm commitments to raise $656,000 through its share purchase plan (SPP) – attracting more than double the minimum $300,000 target.
The company has decided to accept all the commitments from existing shareholders.
Under the non-brokered offer which closed on 14 October 2020, Emperor will issue 23,428,571 new shares at 2.8 cents per share.
Exploration activities at Judith to continue[hhmc]
Net proceeds from the SPP will go towards strengthening the company’s balance sheet and provide important funding to continue its exploration activities, as it progresses with the Judith Gas Field Project.
Last month, APA Group’s (ASX:APA)Read More – Source
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