Marechale Capital Plc - Placing, Subscription and Issue of Equity
PR Newswire
Placing, Subscription and Issue of Equity
Marechale Capital Plc (AIM: MAC) is pleased to announce that it has conditionally raised the sum of £250,000 before expenses via a placing and subscription of 20,000,000 new ordinary shares of 0.8p each in the Company ( New Ordinary Shares ) at a price of 1.25p ( Placing Price ) per share ( Fundraise ).
Marechale is an established corporate finance firm providing strategic, M&A and advisory services primarily to hospitality and renewable energy companies in the UK and Europe. Marechale also finances earlier stage and growth capital companies from its family office, private investor and private equity relationships. The purpose of this strategic fundraising is to put the Company in a better position to take advantage of investment and co-investment opportunities that are presented to Marechale in connection with its activity for corporate clients. The Company
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Nostra Terra (AIM: NTOG), the oil & gas exploration and production company with a portfolio of development and production assets in Texas, USA, is pleased to announce completion of an oversubscribed fundraise of £500,000 with institutional and professional investors. Nostra Terra stated strategy includes; growing production from existing assets in the Permian Basin and Pine Mills, increase cashflow from production growth, and acquisitions when suitable. Over recent months the Company has delivered on that with the farmout of an undrilled portion of Pine Mills, the acquisition of the Caballos Creek asset in South Texas, and the farmin to the additional asset in the Permian Basin.
Nostra Terra (AIM: NTOG), the oil & gas exploration and production company with a portfolio of development and production assets in Texas, USA, announces that, further to the announcement of 7.00am today, it is posting to Shareholders a circular (the Circular ), along with the accompanying notice of general meeting and form of proxy (together, with the Circular, the Documents ), in relation to the oversubscribed fundraise of £500,000. The general meeting is to be held at 11.00am on 29 January 2021 at the offices of Druces LLP at Salisbury House, London Wall, London EC2M 5PS (the General Meeting ). The General Meeting is being convened to seek the requisite share authorities to issue new Ordinary Shares and associated Warrants in connection with the Fundraise announced on 8 January 2021.