29th Mar 2019 14:05
LONDON (Alliance News) - SIMEC Atlantis Energy Ltd on Friday confirmed it has raised GBP5 million to help complete its Green Highland acquisition.
SIMEC issued 31.4 million new shares at a price of 16 pence each. Shares were 4.7% lower on Friday at 16.20p.
The fundraise was originally announced on Thursday. SIMEC first announced its intention to acquire Green Highland in November, with the deal having an enterprise value of GBP124.7 million.
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