Welcome to the Vintage Energy investor area where you will find presentations, reports and news that provide updates on the progress of Vintage Energy as it establishes itself as a new and well respected South Australian based gas, oil and energy company.
Vintage Energy Ltd (ASX: VEN, “Vintage”) is pleased to advise that it was well oversubscribed with its $2.25 million share placement to institutional and sophisticated/professional investors (“Placement”) at an issue price of $0.036. A Share Purchase Plan (“SPP”) will also be undertaken through the issue of new fully paid ordinary shares at $0.036 per share, in line with the Placement, and will target gross proceeds of up to $0.75 million. Directors and Management of Vintage have committed $667,000 toward the Placement and SPP, with shareholder approval at an EGM (scheduled late May / early June) to approve the commitment of funds by the Directors in the Placement (totalling $385,000).
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