Arc has replenished its warchest after raising $2.88 million in a placement to clients of broking firm Euroz. The eight million shares will be issued on 1 August at 36 cents.Share
Arc said the funds would be used for the evaluation of the Hovea 1 and 2 oil and gas discoveries.
"The additional costs to complete the Hovea 2 well plus the costs of the deepening and possible sidetracking of Hovea 3, together with ARC's philosophy of maintaining a conservative approach to its cash position makes this placement a prudent course of action at this time," said the company.
Arc gets placement away @ 36 cents
Add ARQ (ASX) to my watchlist
 (20min delay)
|
|||||
|
Last
$2.09 |
Change
0.040(1.95%) |
Mkt cap ! $248.4M | |||
| Open | High | Low | Value | Volume |
| $2.04 | $2.09 | $2.02 | $123.3K | 59.85K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 199 | $2.03 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $2.09 | 5810 | 3 |
View Market Depth
| Last update - 16.10pm 22/03/2019 (20 minute delay) ? |
 (live)
|
|||||
|
Last
$2.05 |
Change
0.040 ( 1.46 %) |
||||
| Open | High | Low | Volume | ||
| $2.09 | $2.09 | $2.03 | 25178 | ||
| Last updated 15.54pm 22/03/2019 (live) ? | |||||
| ARQ (ASX) Chart |