Another day, another confirmation for little old Betaville's RARE Alerts. This morning, ADM Energy - formerly known as MX Oil - announced an equity fundraising to raise over £800,000 at 7p a share. Below is the link:
Posts tagged: Adm Energy
ADM Energy, the Aim-listed oil producer, is looking to raise around £500,000 via an equity fundraising.
People claiming to be familiar with the matter said broker Peel Hunt and a mystery investor are backing the fundraising for the business, which looks for oil off the coast of Nigeria.
Unusually, the new shares will be issued at a premium to the current share price of 6.38p, with one person following the situation suggesting it the fundraising could be priced at 7p...