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Po Valley Energy to raise $2m under share purchase plan

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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.

Quick facts: Po Valley Energy Limited

Price: 0.038 AUD

ASX:PVE
Market: ASX
Market Cap: $24.6 m
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