Calima Energy makes strong progress and expects suspension to end shortly
“We are extremely pleased with the exceptionally strong support for our capital raising, which validates the quality of the asset base and importantly the strong cash flows that the assets will generate in a rising energy market,” says CEO. The company’s capital raising has been completed with A$38 million of shares to be issued.
Calima Energy Ltd is making considerable progress on the path to production and revenue generation from assets in the prolific Montney Formation in Canada and is confident of ending an ASX trading suspension in the near future.