NEWS ARCHIVE

EWC ties up more cash

LESS than a fortnight after its subsidiary Energy Equity Epic entered into an $82.7 million corporate loan facility, Energy World Corporation has tied up two separate share placements.

Orchid Fund - a Richard Chandler Corporation company - will take up a 14.9% stake in EWC by snapping up 173 million new shares issued by EWC and a further 85 million shares held by Energy World International....

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