Equities
Africa Energy Plans to Raise $5 Million via Non-brokered Private Placement
Africa Energy (AEC.ST) plans to raise up to $4.5 million in gross proceeds through a non-brokered private placement.The offering price will be set at CA$0.135 per share, and its completion is subject to customary closing conditions and approval from the TSX Venture Exchange, according to a Wednesday release.The oil and gas exploration company will use the net proceeds for general working capital purposes and to develop its interest in Block 11B/12B offshore South Africa.
$AEC.ST
