🕐06.07.12 - 05:54 Uhr

PURA VIDA ENERGY [ASX: PVD] - PURA VIDA TO RAISE $3 MILLION TO POSITION FOR GROWTH



MEDIA DISTRIBUTION BY
Pura Vida Energy [ASX: PVD] 
http://www.puravidaenergy.com.au/


Pura Vida to raise $3 million to position for growth

Pura Vida Energy NL (ASX: PVD) announced a placement to raise up to $3 million pursuant to the issue up to 12 million shares at 25 cents per share to institutional and sophisticated investors (“Placement”).

 CPS Securities acted as Lead Manager to the Offer.

 
Pura Vida Managing Director Damon Neaves commented, “Pura Vida has received strong interest from institutional investors since listing earlier this year and this placement has successfully introduced several of these institutions onto Pura Vida’s share register.

In addition, the Company has received strong support for the placement from new and existing sophisticated investors.”
 
The strong interest is a reflection of the growing interest in the multi-billion barrel potential of PVDs Mazagan permit, which was recently highlighted by Resource Investment Strategy Consultants (RISC).

RISC have independently estimated the total unrisked mean gross prospective resources of the Mazagan permit at 3.2 billion barrels of recoverable oil (2.4 billion barrels net to Pura Vida).

Click here for full announcement

 For further information, please contact: 

 
Damon Neaves 
Managing Director
 
+61 (0) 404043134 
 
 
Media enquiries: 
 
Bill Kemmery
Fortbridge 
+61 2 9003 0477 





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