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An announcement from Empyrean Energy ( (GB:EME) ) is now available.
Empyrean Energy PLC has successfully raised £675,000 through a placement of new ordinary shares, which will be used to fund the drilling and testing of the Wilson prospect and for general working capital. This placement includes participation from key company directors and involves a salary sacrifice plan where directors will receive part of their salary in shares. Additionally, the company has issued shares to cover part of the placement fees and incentive warrants to retain management, indicating strategic financial management and focus on upcoming drilling activities.
More about Empyrean Energy
Empyrean Energy PLC is an oil and gas development company with interests in Australia, Indonesia, and the United States. The company operates within the oil and gas sector and is listed on the AIM index under the epic EME.
YTD Price Performance: 37.50%
Average Trading Volume: 52,266,372
Technical Sentiment Consensus Rating: Buy
Current Market Cap: £2.61M
Find detailed analytics on EME stock on TipRanks’ Stock Analysis page.
