Geo Energy Resources Secures In-Principle Approval for Placement of 35 Million Shares

MT Newswires

03/11

Geo Energy Resources (SGX:RE4) secured an in-principle approval from the Singapore Exchange for the proposed placement of up to 35 million shares at SG$0.425 each, according to a Wednesday filing with the Singapore Exchange.

The new shares are required to be placed out within seven market days from the date of the approval, the filing added.

Shares of the coal producer were up over 3% in Wednesday trading.

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