Condor Energy Raises AU$3 Million via Share Placement; Shares Down 10%

MT Newswires Live
23 Jan

Condor Energy (ASX:CND) received firm commitments to raise AU$3 million via the placing of about 115.4 million shares at AU$0.026 apiece, according to a Thursday filing with the Australian bourse.

Proceeds will be used for exploration and commercialization activities in the Tumbes Basin Technical Evaluation Agreement in offshore Peru, as well as general working capital, the filing said.

Euroz Hartleys served as the sole lead manager for the placement, per the filing.

Condor Energy shares were down 10% in afternoon trade Thursday.

Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

Most Discussed

  1. 1
     
     
     
     
  2. 2
     
     
     
     
  3. 3
     
     
     
     
  4. 4
     
     
     
     
  5. 5
     
     
     
     
  6. 6
     
     
     
     
  7. 7
     
     
     
     
  8. 8
     
     
     
     
  9. 9
     
     
     
     
  10. 10