Vulcan Energy Resources Secures $44 Million Investment
The investment was made at a price of €2.50 (~$2.72) per share representing a 9% discount.
June 7, 2024
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Vulcan Energy Resources, a material exploration company, secured €40 million (~$44 million) through strategic investments. The breakdown of this funding includes €25 million (~$27 million) from CIMIC Group for 10 million shares, €12.5 million (~$13.6 million) from Hancock Prospecting Pty Ltd for 5 million shares, and €2.5 million (~$2.7 million) from Victor Smorgon Group for 1 million shares, all through private placements.
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