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IC - Europe Briefs - May 01, 2019
Ascent Resources plc placed over 214 million ordinary shares at 0.35p each to raise £750,000, which will be used to finish reprocessing 3D seismic on its Petišovci asset in Slovenia and for working capital. The offering brings Ascent’s shares outstanding to over 2.6 billion. CEO Colin Hutchinson said Petišovci was the company’s key producing asset, and that Ascent would look at other regional opportunities. Norwegian seismic company Electromagnetic Geoservices ASA secured up to $7.5 million in additional bank credit on top of its existing $10 million......
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