SUBSCRIBERS
Loyz Energy plans $17.5m private placement
Proceeds to be used for its oil and gas exploration business
Add BT as a preferred sourcePublished Wed, Oct 16, 2013 · 10:00 PM
DeeperDive is a beta AI feature. Refer to full articles for the facts.
LOYZ Energy has proposed a private placement of 50 million new shares at $0.35 each to raise net proceeds of about $17.46 million.
The new share price is at a 9.8 per cent discount to the volume weighted average price of $0.3881 for trades done on Oct 10.
The company had on Oct 14 signed the placement agreement with 30 private investors.
Copyright SPH Media. All rights reserved.
