JX Energy (HKG:3395) said it agreed to sell HK$3.5 million worth of shares to an existing retail investor, according to a Hong Kong bourse filing Monday.
The Canadian oil and gas explorer plans to sell nearly 11.2 million shares at HK$0.31 apiece to raise funds for general working capital.
The shares represent 1.84% of the company's issued share capital and 1.81% on an enlarged basis.
Upon completion of the share issuance, the subscriber's shareholding in JX Energy will increase to 3.90% from 2.13%.
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