May 15, 2015
Po Valley Energy Limited (ASX: PVE) announced today that it has raised
$1million through a private placement to an existing non-director
shareholder at a price of 7 cents per share. The Company will issue
14,285,714 ordinary shares on the settlement date, expected to be on or
around 31 May 2015.
The funds will be used for general working capital purposes and to further develop the Company’s asset portfolio.
Po Valley Energy
+39 06 4201 62 75
About Po Valley Energy:
Po Valley Energy (ASX: PVE) is an oil and gas production and exploration
company listed on the Australian Stock Exchange. It has an expanding
portfolio of hydrocarbon assets in northern Italy. Po Valley holds 11
license areas, encompassing 2,000 km2 and owns and operates two gas
treatment plants. The Po Valley region is the main gas production zone
in Italy. The Company’s web site is http://www.povalley.com
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