Empyrean Energy (GB:EME) has released an update.
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Empyrean Energy is set to initiate a major fundraising and capital reorganisation, pending shareholder approval at an upcoming general meeting. The company plans to list 2.55 billion new ordinary shares on the AIM market of the London Stock Exchange, offering existing shareholders the chance to adjust their holdings. This strategic move is expected to enhance Empyrean’s financial flexibility, supporting its operations in Indonesia and the United States.
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