Morgans and Blue Ocean Equities are seeking buyers for Empire Energy shares.
Empire Energy, the listed gas play aiming to be the first producer in NT’s Beetaloo Basin, is in a trading halt while its brokers Morgans and Blue Ocean seek buyers for shares in an equity raising.The brokers were offering 90.9 million new shares at 22¢ each to raise $20 million via a placement, with bids due by midday on Friday.who had made a $7 million cornerstone bid, according to terms sent to potential investors.
Shares sold had a free attached option, on a one-for-two basis. The options were exercisable at 35¢ within two years from the issue date.co-edits Street Talk, specialising in private equity, investment banking, M&A and equity capital markets. He has 10 years' experience as a business journalist and worked at PwC, auditing and advising financial services companies.
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