Sound Energy Plc announces placement of equity shares

  • Dec 18, 2019 GMT
  • Team Kalkine
  The company aims to raise not less than £1.5 million before costs
  • The new shares will be issues at 2 pence per share
  • The proceeds will be used to strengthen its cash position (the company’s cash position was £4 million as on 30 November 2019)
  • The company continues to make progress on the part sale of its portfolio in Eastern Morocco.
  • On 18th December 2019, the stock of SOU was trading at GBX 1.95 at GMT 09:51 AM, down 0.98 points or 33.45% from its previous close.

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