Synergia Energy Ltd - India-focused developer of natural gas assets - Says it will raise £775,000 via a placing of 704.5 million new shares at £0.11 per share, to be completed in two tranches by August 7. Says the funding will be used to complete its workover of the Cambay C-77H well, as well as for its working capital base. Notes that 16.8% shareholder Republic Investment Management Pte Ltd will subscribe for £325,000 of the placing.

Current stock price: 0.12p each

12-month change: down 33%

Copyright 2023 Alliance News Ltd. All Rights Reserved.