Betaville IntelligenceWednesday, 11 September 2019, 7:32 am
Another day, another confirmation for little old Betaville's RARE Alerts. This morning, ADM Energy - formerly known as MX Oil - announced an equity fundraising to raise over £800,000 at 7p a share. Below is the link:
https://www.investegate.co.uk/adm-energy-plc--adme-/rns/issue-of-equity-and-conditional-subscription/201909110705018878L/..
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Betaville IntelligenceMonday, 9 September 2019, 5:09 pm
ADM Energy, the Aim-listed oil producer, is looking to raise around £500,000 via an equity fundraising.
People claiming to be familiar with the matter said broker Peel Hunt and a mystery investor are backing the fundraising for the business, which looks for oil off the coast of Nigeria.
Unusually, the new shares will be issued at a premium to the current share price of 6.38p, with one person following the situation suggesting it the fundraising could be priced at 7p...
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