AFR�s capital raising plan flounders

Wednesday, June 04, 2014

African Energy Resources (AFR) bid to raise $2.95 (P25) million from shareholders through a non-renounceable rights issue suffered a setback this week with 90 percent of the shares of offer not subscribed for.

Announcing the results of the rights offer in a statement to the Botswana Stock Exchange (BSE), African Energy yesterday said that only $300,000 was raised as 3.5 million shares were bought by existing shareholders from about 34.7 million shares on offer.

Already have an active account? Log in here.

Or Sign up and get unlimited access to premium articles.

The Projects Magazine today launched The Future of Mining Summit, set to become the country’s premier mining conference. The event is scheduled for 12th and 13th of June 2024, at Boipuso Hall, Fairgrounds in Gaborone.

The projects magazine in collaboration with Stanbic bank launched the future of mining summit 2024

Staff Writer | 1d ago

MISA Botswana celebrates World Press Freedom day

Staff Writer | 1d ago

Unlawful wounding turns to murder

Sharon Mathala | 1d ago

Mahalapye suspected copper cable thief nabbed

Pini Bothoko | 1d ago

TAFIC targets top four finish

Larona Makhaiza | 1d ago

Selefu

1d ago

Selefu

1d ago

Repatriation underway for seven SA Pilgrims

Boikanyo Mathonsi | 2d ago

Stakeholders must step up veggie supply

The Ministry of Agriculture, local producers, retailers, and industry associations must work together to overcome the obstacles hindering vegetable production and distribution.This collaborative approach is essential to improve the availability, quality, and affordability of vegetables in the market.Firstly, the Ministry of Agriculture should provide support and guidance to local farmers to enhance their productivity and efficiency. This could...

The Monitor Editor | 29 April 2024

About us

Mmegi is the leading independent source of breaking news, latest news, current
affairs, Politics, Business, Sport, debates, analysis, and entertainment news in Botswana.

Explore

More

AFR�s capital raising plan flounders

African Energy Resources (AFR) bid to raise $2.95 (P25) million from shareholders through a non-renounceable rights issue suffered a setback this week with 90 percent of the shares of offer not subscribed for.

The projects magazine in collaboration with Stanbic bank launched the future of mining summit 2024

MISA Botswana celebrates World Press Freedom day

Unlawful wounding turns to murder

Mahalapye suspected copper cable thief nabbed

TAFIC targets top four finish

Selefu

Selefu

Repatriation underway for seven SA Pilgrims

Stakeholders must step up veggie supply