June 18, 2021
Po Valley Energy Limited (ACN 087 741 571) (the Company or Po Valley Energy; ASX:PVE) is pleased to announce that it is finalising an institutional placement (Placement) and is undertaking a fully underwritten accelerated non-renounceable pro rata entitlement offer (Entitlement Offer) to raise up to approximately A$10.1 million (before costs) (together, the Offer).
Under the Placement, the Company has received commitments for approximately A$1 million (before costs) by the proposed issue of 35,714,286 fully paid Po Valley Energy shares at a price of $0.028. The Placement is scheduled to complete later today, 18 March 2021.
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