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Coro Energy PLC - South East Asian energy company with a natural gas and clean energy portfolio - Plans to raise £1.6 million via a placing and retail offer at 0.5 pence per share. The placing will be by way of accelerated bookbuild by Tennyson Securities to institutional investors. The retail offer will total £100,000 and will be organised by the company’s broker Hybridan LLP. Net proceeds will provide funds to continue to develop its pipeline of rooftop solar projects with Mobile World Group.
Current stock price: 0.50 pence, down 10% in London on Friday
12-month change: down 93%
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