Po Valley Energy (ASX: PVE) will offer shareholders a Share Purchase Plan (SPP) offer, at an issue price of $1.55 per share.
This is at the same price as the recently completed share placement to sophisticated investors.
Eligible Shareholders can subscribe for A$5,000, A$10,000 or A$15,000 of new ordinary shares. The company aims to raise up to A$2 million under the SPP.
Funds raised by the SPP will be used for general working capital and expansion options.
Price: 0.036 AUD
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Po Valley Energy Limited (ASX:PVE) chairman Michael Masterman speaks at the Proactive Investors Oil Capital Conference - June 2019. For more information visit www.povalley.com
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