Buru Completes Placement of $15M & Launches SPP

Source: www.gulfoilandgas.com 4/30/2021, Location: Not categorized

Buru Energy Limited (Buru or the Company) (BRU) is pleased to announce a successful share placement, receiving firm commitments from institutional, professional and sophisticated, investors to raise a total of $15 million before costs (Placement). The Company will also undertake a Share Purchase Plan (SPP) of up to $5 million for existing shareholders.

HIGHLIGHTS
- Placement of $15 million strongly supported by institutional, professional and sophisticated investors
- Share Purchase Plan to raise up to $5 million opening on 6 May 2021
- Funds raised to strengthen Buru’s balance sheet for 2021 exploration and development program and subsequent activities


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