RARE ALERT: Mayan Energy said to be carrying fresh £2 million equity fundraising

Wednesday, 15 November 2017, 5:26 pm

Mayan Energy is poised to carry out its second equity fundraising in the space of just six months.

According to sources claiming to be familiar with the matter, Aim-listed Mayan is on the verge of carrying out a £2 million equity fundraising and the deal could be announced in the next few days.

One source said Mayan - which focuses on Mexico and the US - is looking to raise the money around 0.6p a share, which would be a significant discount to the current share price.

Betaville revealed in August that Mayan was working on a fundraising to raise £1 million and the transaction was subsequently confirmed.

That deal, however, was done at a premium to the share price.

A spokesperson for Mayan declined to comment when contacted by Betaville.

To be clear, this story is RARE! For readers unfamiliar with the RARE concept I will define it below.

Market gossip that hasn't been tested through formal journalistic channels (public relations executives, bankers etc). The rumour might be total codswallop but then again there may be something in it, so it's worth airing on Betaville.

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[Disclaimer - the information on Betaville does not consitute any form of investment recommendation and is not intended to be relied upon by readers in making, or refraining from, any investment decisions].

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