ProactiveInvestors: Petro Matad secures $6 million investment from EBRD for oil projects in Mongolia

Petro Matad announced that the European Bank of Reconstruction and Development (EBRD) has subscribed for shares in the company worth US$6 million for a 17.5% stake in the company. The subscription price of 14 pence per share represents a discount of roughly 14% to the stock’s yesterday’s closing price. The shares will be issued in two tranches of US$3 million each. To read the full article, click herePetro Matad secures $6 million investment from EBRD for oil projects in Mongolia

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