Calima Energy completes strongly supported A$38 million capital raising
Funds raised under the placement will be used to complete the recently announced acquisition of Blackspur Oil Corp.
The company anticipates being reinstated to ASX trading next week.
Calima Energy Ltd (ASX:CE1) has completed a strongly supported capital raising under its retail offer and institutional placement for total funds of A$37.9 million.
There were 5,425,783,115 fully paid ordinary shares issued at a price of A$0.007 per share.
The company received strong demand in the retail offer and scale backs have been applied with the scale-back funds to be remitted back to the investors on Friday, April 30, 2021.