By Devika Patel
Knoxville, Tenn., Sept. 2 - Nexus Energy Ltd. said it completed a A$30.98 million private placement of shares.
The company sold 96.8 million ordinary shares at A$0.32 apiece.
Proceeds will be used for ongoing development of the Longtom gas project, long lead items for the Crux liquids project and general working capital.
Nexus, located in Melbourne, Australia, is an oil and natural gas exploration company.
| Issuer: | Nexus Energy Ltd.
|
| Issue: | Ordinary shares
|
| Amount: | A$30,976,000
|
| Shares: | 96.8 million
|
| Price: | A$0.32
|
| Warrants: | No
|
| Settlement date: | Sept. 2
|
| Stock symbol: | Australia: NXS
|
| Stock price: | A$0.35 at close Sept. 2
|
© 2015 Prospect News.
All content on this website is protected by copyright law in the U.S. and elsewhere.
For the use of the person downloading only.
Redistribution and copying are prohibited by law without written permission in advance from Prospect News.
Redistribution or copying includes e-mailing, printing multiple copies or any other form of reproduction.
