By Devika Patel
Knoxville, Tenn., Dec. 20 - Impress Energy Ltd. said it has raised A$2.86 million in a private placement of shares.
The company sold 71,580,585 shares at A$0.04 each.
Euroz Securities Ltd. was the agent.
Proceeds will be used to complete the Growler/Wirraway haul road works, complete the Growler 1 & 2 Central production facilities, carry out an extended production test, pursue a development program to increase production, drill the Warhawk exploration well, undertake the evaluation and development of the Growler/Wirraway/Warhawk concept and provide additional working capital for the company.
Based in West Perth, Western Australia, Impress Energy is an oil and gas company.
| Issuer: | Impress Energy Ltd.
|
| Issue: | Shares
|
| Amount: | A$2,863,223
|
| Shares: | 71,580,585
|
| Price: | A$0.04
|
| Warrants: | No
|
| Agent: | Euroz Securities Ltd.
|
| Pricing date: | Dec. 20
|
| Stock symbol: | Australia: ITC
|
| Stock price: | A$0.04 at close Dec. 20
|
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