Business
Equity Placing and Transaction Update
Equity Placing and Transaction Update.
About this update from Corpus Resources Plc
[{"type":"text","content":"\n \n \n RNS Number : 8990O\n Curzon Energy PLC\n 04 June 2020\n \n \n \n \n Market Abuse Regulation (MAR) Disclosure\n \n \n Certain information contained in this announcement would have been deemed inside information for the purposes of Article 7 of Regulation (EU) No 596/2014 until the release of this announcement.\n \n \n \n \n \n 4 June 2020\n \n \n \n \n \n \n Curzon Energy Plc\n \n \n \n (\"Curzon\" or the \"Company\")\n \n \n \n Equity Placing and Transaction Update\n \n \n \n \n \n Curzon Energy plc (LON:CZN) the London Stock Exchange listed oil and gas company, \n announces the completion of an equity fundraising of £166,066 at a price of £0.01 per New Ordinary Share and provides an update on the status of negotiations with the Sun Seven Stars Investment Group.\n \n \n \n \n \n Highlights\n \n \n · \n Fundraising of £166,066 priced at approximately the 14-day volume weighted average price (\"VWAP\") of the Company's shares \n \n \n · \n Use of proceeds to provide funding to advance and complete negotiations with Sun Seven Stars Investment Group (\"SSSIG\") on a transaction involving London Critical Metals Market (\"LCMM\") \n \n \n · \n Due diligence continues to progress with next step to complete definitive documentation on a transaction \n \n \n \n \n \n Scott Kaintz, Chief Executive Officer comments:\n \n \n \"We are very pleased to have completed this important placing securing the funding required to advance our ongoing diligence process with Sun Seven Stars Investment Group. The scale of the transaction is expected to be significant, and as such carries with it a requirement for legal and financial support that we expect this raise to enable the Company to procure. \n \n \n \n \n \n With sizeable opportunities come significant amounts of preparation and due diligence, and we are now in a strong position to drive forward this transaction, which if successfully completed, we believe would be transformational for Curzon. We look forward to continuing to update the markets in due course.\" \n \n \n \n \n \n Update on Sun Seven Stars Investment Group Negotiations\n \n \n Curzon continues to progress negotiations with SSSIG regarding completion of definitive documentation regarding a potential reverse takeover of Curzon as previo...