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The latest update is out from Jericho Energy Ventures ( (TSE:JEV) ).
Jericho Energy Ventures has successfully closed the first tranche of its non-brokered private placement financing, raising gross proceeds of C$799,000 through the issuance of 7,990,000 units. Each unit consists of a common share and a share purchase warrant, with proceeds to be used for general working capital. The financing is still subject to final approval from the TSX Venture Exchange, and a second tranche is expected to follow shortly. This move supports Jericho’s operational funding as it navigates the evolving energy market, leveraging its strategic investments and traditional assets.
More about Jericho Energy Ventures
Jericho Energy Ventures is an energy company focused on the transition to low-carbon energy solutions while maintaining traditional hydrocarbon assets. The company is involved in the development and investment in hydrogen technologies, including zero-emission boiler technology through its subsidiary Hydrogen Technologies. It also holds strategic investments in advanced electrolysis materials and ultra-efficient electrolyzers, and operates oil and gas assets in Oklahoma.
YTD Price Performance: 26.92%
Average Trading Volume: 37,342
Technical Sentiment Consensus Rating: Buy
Current Market Cap: C$46.71M
See more insights into JEV stock on TipRanks’ Stock Analysis page.
