Brief: Vulcan Energy Resources Limited Vulcan Energy Signs Agreements With Cimic Group, Hancock Prospecting And Victor Smorgon Group For A Total Equity Investment Of EUR 40 Million
02/06/2024 16:33
June 2 (Reuters) - Vulcan Energy Resources Ltd VUL.AX :
* VULCAN ENERGY RESOURCES LIMITED: VULCAN ENERGY SIGNS
AGREEMENTS
WITH CIMIC GROUP, HANCOCK PROSPECTING AND VICTOR SMORGON GROUP
FOR A TOTAL EQUITY INVESTMENT OF EUR 40 MILLION
* A TOTAL OF 16 MILLION NEW SHARES ARE TO BE ISSUED TO THREE
INVESTORS AS PART OF CAPITAL INCREASE
* CIMIC WILL ACQUIRE A SHAREHOLDING OF APPROX. 6% IN VULCAN
ENERGY
AS PART OF CAPITAL INCREASE
* HPPL IS AN EXISTING SHAREHOLDER AND WILL INCREASE ITS
SHAREHOLDING TO APPROX. 7.5% AS PART OF CAPITAL INCREASE.
Source text for Eikon: ID:nEQcgh9cPa
Further company coverage: VUL.AX
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