BRIEF-RENERGEN Announces Placement of 5.6 Mln CDIS AT A$1.20 Per Security

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BRIEF-RENERGEN Announces Placement of 5.6 Mln CDIS AT A$1.20 Per Security
Credit: © Reuters.

Jan 21 (Reuters) - RENERGEN Ltd RENJ.J :

* JSE: REN - SUCCESSFUL CAPITAL RAISE

* RENERGEN - PLACEMENT OF 5.6 MILLION CDIS AT A$1.20 PER SECURITY, RAISING A TOTAL OF A$6.7 MILLION

* RENERGEN LTD - PLACEMENT WAS MADE IN PART TO REPLENISH CASH USED TO ACQUIRE REMAINING STAKE IN TETRA4 PROPRIETARY LIMITED

* RENERGEN - BALANCE OF PROCEEDS RAISED WILL BE USED TO FURTHER EXPLORE GAS DISCOVERY MADE IN DECEMBER 2019 WHILE DRILLING IN SANDSTONE

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