UK & US

MetalNRG surges as it raises £267,932 in share placing

MetalNRG PLC (LON:MNRG) has raised £267,932 through the placing of around 59.5mln new shares at a price of 0.45p each.

The placing price is a 13.5% discount to MetalNRGs last close price on Tuesday of 0.52p, while the newly issued shares will comprise around 16.55% of the companys enlarged share capital.

READ: MetalNRG to buy majority stake in Romania oil and gas company

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