GEV completes capital raise for newbuild vessel

CNG shipping hopeful Global Energy Ventures said its placement of 20 million shares at 15 cents per share from institutional and sophisticated investors and new investors was “strongly supported” and raised the company A$3 million this week.

GEV completes capital raise for newbuild vessel GEV completes capital raise for newbuild vessel GEV completes capital raise for newbuild vessel GEV completes capital raise for newbuild vessel GEV completes capital raise for newbuild vessel

 

"Existing cash and the successful capital raising provides GEV with funding for up to 18 months of planned expenditure," executive chairman Maurice Brand said.