June 18, 2021
Po Valley Energy Limited launches A$10.1 million Equity Capital Raising
Po Valley Energy Limited (PVE.ASX) (“Po Valley Energy”, the “Company”) is seeking to raise approximately A$10.1 million in new equity to fund development of the Selva Malvezzi project, to retire existing shareholder loans, interest on loans and convertible notes, repayment of convertible notes and working capital requirements.
The equity capital raising will be undertaken through a placement (Placement) at $0.028 per share to raise approximately A$1 million and a fully underwritten 1 for 2 pro rata accelerated non-renounceable entitlement offer (Entitlement Offer) at $0.028 per share to raise approximately A$9.1 million (collectively, the Equity Capital Raising).
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