Triangle Energy launches pro-rata non-renounceable entitlement offer to eligible shareholders
On June 17, the company received commitments for $10 million in a placement to new and existing sophisticated, institutional and professional investors looking for exposure to the oil & gas sector.
Triangle appointed CPS Capital Group Pty Ltd to act as lead manager and broker to the placement.
Triangle Energy (Global) Limited (ASX:TEG) (FRA:WMOA) has launched a pro-rata non-renounceable entitlement offer to eligible shareholders of quoted options in the company.
The company will issue up to 310,381,741 new options to raise up to approximately $310,000, before costs.
TEG has set the price at A$0.001 each with the offer based on one new quoted option for every two shares held on the record date.