Language
Read more: Trading Update re Empresa Guaracachi SA ("Guaracachi")
20th April 2009
Conditional Placing of Equity, Disposal of interest in EDS, Capitalisation of IPC Loans, Director Share Purchase/PDMR, Notice of General Meeting and trading update
Rurelec plc (AIM: RUR) announces that it proposes to raise approximately £6.5 million before expenses from a conditional placing of 81,562,500 New Ordinary Shares at a price of 8 pence per Ordinary Share. The Ordinary Shares have been conditionally placed by Religare Hichens, Harrison and Daniel Stewart with institutional and other shareholders.
An increase in share capital of the Company is needed to complete the Placing and the other proposals set out in a circular to be sent to shareholders today. The Placing is subject to the satisfaction of certain conditions and to the shareholder approvals which will be sought at a General Meeting. Further details of the GM are set out below.
1st April 2009
Since the announcement of 2 March 2009, high demand for power from the local grid resulted in CAMMESA, the regulator, not allowing both gas turbines at the Energia del Sur plant to be off- line simultaneously which has resulted in a short delay in the completion of the project.
Read more: Update on CCGT project at Energia del Sur in Comodoro Rivadavia
8th April 2009
Rurelec Plc (AIM: RUR) is pleased to announce that 10 million new ordinary shares of 2p each ("New Ordinary Shares") have been placed with investors at a price of 8 pence per ordinary share, raising net proceeds of £760,000 after expenses (the "Placing").
Read more: Placing, Issue of Equity and Total Voting Rights.
Read more: Financing Update: Guaracachi Debt Rating and related party transaction