i3 Energy announces £30m share sale to fund reverse takeover

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By Aidan Gregory
07 Aug 2020

Aim-listed oil and gas producer i3 Energy has announced a £30m fundraising to finance its reverse takeover of Canadian firm Gain Energy’s petroleum and infrastructure assets.

The offer for subscription has been fixed offer at 5p a share. That is an 18% discount to the last price of i3 Energy before the stock was suspended in June. There is an offer to retail shareholders via PrimaryBid, the app that helps retail shareholders to participate ...

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