Ascent Resources Announces Successful Share Issuance
Company Announcements

Ascent Resources Announces Successful Share Issuance

Ascent Resources (GB:AST) has released an update.

Ascent Resources Plc has successfully raised $1 million through the issuance of new ordinary shares at a 43% premium to its last closing bid price, with proceeds aimed at further business development and general corporate expenditures. The company also announced that following the share subscription, investment vehicle CB Energy VI, LLC will own approximately 12.2% of Ascent’s issued share capital. Trading of the new shares on the AIM market is expected to commence on 30 September 2024.

For further insights into GB:AST stock, check out TipRanks’ Stock Analysis page.

Related Articles
TipRanks UK Auto-Generated NewsdeskCantor Fitzgerald Increases Stake in Ascent Resources
TipRanks UK Auto-Generated NewsdeskAscent Resources Reports Shift in Major Holdings
TipRanks UK Auto-Generated NewsdeskAscent Resources Reports Interim Results and U.S. Expansion
Looking for investment ideas? Subscribe to our Smart Investor newsletter for weekly expert stock picks!
Get real-time notifications on news & analysis, curated for your stock watchlist. Download the TipRanks app today! Get the App