By Devika Patel
Knoxville, Tenn., May 21 - RedFork Energy Ltd. said it will raise A$5 million in a private placement of shares.
The company will sell 10 million ordinary shares at A$0.50 per share.
Chess Capital Partners Pty. Ltd. is the lead manager.
Proceeds will be used for development of the company's oil and gas projects.
Based in Perth, Western Australia, RedFork is an oil and natural gas exploration company.
| Issuer: | RedFork Energy Ltd.
|
| Issue: | Ordinary shares
|
| Amount: | A$5 million
|
| Shares: | 10 million
|
| Price: | A$0.50
|
| Warrants: | No
|
| Manager: | Chess Capital Partners Pty. Ltd. (lead)
|
| Pricing date: | May 21
|
| Stock symbol: | Australia: RFE
|
| Stock price: | A$0.61 at close May 21
|
© 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.
