Clean Global Energy (ASX: CGV) has allotted 64,734,863 new shares from the Company’s non-renounceable fully underwritten rights issue of shares, raising $4,531,440.41 before costs.
This allotment comprises acceptances of shareholder entitlements for 16,126,317 shares and the placement of 48,608,546 shares by Patersons Securities Limited, underwriter to the issue.
The total number of fully paid ordinary shares on issue is now 226,572,021.
Clean Global completed a $4.5 million funding program from a non-renounceable fully underwritten rights issue for coal exploration and UCG development.