Brief: Carnarvon Energy Will Issue 234.8 Million New Shares At A$0.30 Per Share
28/03/2022 02:54
March 28 (Reuters) - Carnarvon Energy Ltd CVN.AX :
* 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
Source text for Eikon: ID:nASX6nG8Wv
Further company coverage: CVN.AX
((Reuters.Briefs@thomsonreuters.com;))
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