By Devika Patel
Knoxville, Tenn., Dec. 30 - Maple Energy plc said it will raise $11.84 million in a private placement of shares.
The company will sell 16 million ordinary shares at $0.74 each. Centura SAB SA is the agent.
Settlement is expected Jan. 5.
Proceeds will be used to fund certain capital expenditures associated with Maple's proposed ethanol project in Peru and for general corporate purposes.
Dublin-based Maple Energy is an independent energy company with operations in Peru.
| Issuer: | Maple Energy plc
|
| Issue: | Ordinary shares
|
| Amount: | $11.84 million
|
| Shares: | 16 million
|
| Price: | $0.74
|
| Warrants: | No
|
| Agent: | Centura SAB SA
|
| Pricing date: | Dec. 30
|
| Settlement date: | Jan. 5
|
| Stock symbol: | London: MPLE
|
| Stock price: | 64.5p at close Dec. 30
|
| Market capitalization: | £61.3 million
|
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