Invictus Energy Secures Funds for Zimbabwe Project

Invictus Energy Limited (AU:IVZ) has released an update.

Invictus Energy Ltd has successfully completed a US$10 million strategic placement to fund the development of the Cabora Bassa Project in Zimbabwe, with half the amount underwritten by the Mutapa Investment Fund. The placement paves the way for a secondary listing on the Victoria Falls Stock Exchange, enhancing liquidity and offering local trading opportunities. This financial injection will accelerate the project’s exploration activities, including flow testing, drilling, and seismic surveys, as the company transitions from exploration to development.

For further insights into AU:IVZ stock, check out TipRanks’ Stock Analysis page.