Vintage Energy Raises $3.4m in oversubscribed SSP
- Vintage Energy (VEN) raises $3.44 million through an oversubscribed share purchase plan (SPP)
- The funds raised will mostly be used to fund exploration and appraisal activities
- The company was originally aiming to raise $2 million but has elected to accept all eligible applications
- VEN will issue about 40.5 million new shares at a price of $0.085 each
- In total, the company has raised $12 million from the SPP and a placement that was completed last month
- Shares were in the grey at 8.4 cents
