https://newsletter.mw.creamermedia.com
Energy|Exploration|Gas|Drilling
Energy|Exploration|Gas|Drilling
energy|exploration|gas|drilling

Invictus raises A$15m for Zim gas hunt

21st September 2023

By: Esmarie Iannucci

Creamer Media Senior Deputy Editor: Australasia

     

Font size: - +

PERTH (miningweekly.com) – ASX-listed Invictus Energy will raise A$15-million in a share placement from sophisticated and institutional investors to fund the upcoming Mukuyu-2 exploration campaign, in Zimbabwe.

The company will issue 100-million new shares at a price of 15c each, with the issue price representing a 25% discount to Invictus’ last closing price and an 11.2% discount to the company’s 30-day volume weighted average share price.

The share placement will be done in two tranches, with the first tranche of 50-million shares to be issued under the company’s existing placement capacity, raising an initial A$7.5-million.

The second tranche of a further 50-million shares will be subject to shareholder approval.

“We are pleased to welcome new institutional investors onto our share register at an exciting time for the company as we finalise preparations to embark on our Mukuyu-2 appraisal well drilling campaign in Zimbabwe,” said Invictus MD Scott Macmillan.

“I also thank existing shareholders that participated in the placement for their continued support, ensuring the company is well funded to the next step of our high impact exploration campaign aimed at opening up the Cabora Bassa basin.”

Edited by Creamer Media Reporter

Comments

Showroom

Hanna Instruments (Pty) Ltd
Hanna Instruments (Pty) Ltd

We supply customers with practical affordable solutions for their testing needs. Our products include benchtop, portable, in-line process control...

VISIT SHOWROOM 
RioCarb
Rio-Carb

Introducing the Rio-Carb Smart Chute Concept - a revolutionary advancement in materials handling, designed for the toughest industries like mining...

VISIT SHOWROOM 

Latest Multimedia

sponsored by

Magazine round up | 21 February 2025
Magazine round up | 21 February 2025
21st February 2025
BOLSTERING PRESENCE
The project is set to bolster Namibia’s position as one of the world’s leading uranium producers
Uranium mine moving closer to production
21st February 2025 By: Simone Liedtke

Option 1 (equivalent of R125 a month):

Receive a weekly copy of Creamer Media's Engineering News & Mining Weekly magazine
(print copy for those in South Africa and e-magazine for those outside of South Africa)
Receive daily email newsletters
Access to full search results
Access archive of magazine back copies
Access to Projects in Progress
Access to ONE Research Report of your choice in PDF format

Option 2 (equivalent of R375 a month):

All benefits from Option 1
PLUS
Access to Creamer Media's Research Channel Africa for ALL Research Reports, in PDF format, on various industrial and mining sectors including Electricity; Water; Energy Transition; Hydrogen; Roads, Rail and Ports; Coal; Gold; Platinum; Battery Metals; etc.

Already a subscriber?

Forgotten your password?

MAGAZINE & ONLINE

SUBSCRIBE

RESEARCH CHANNEL AFRICA

SUBSCRIBE

CORPORATE PACKAGES

CLICK FOR A QUOTATION







sq:0.06 0.136s - 144pq - 2rq
Subscribe Now