Scandinavian Oil-Gas Magazine
http://www.scandoil.com/moxie-bm2/news/velocys-raised-52-million-for-smaller-scale-gtl.shtmlVelocys raised £52 million for smaller scale GTL
Velocys plc (VLS.L) has raised £52 ($85) million (excluding expenses) through an oversubscribed equity placing, priced at a slight premium to the
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Velocys plc (VLS.L) has raised £52 ($85) million (excluding expenses) through an oversubscribed equity placing, priced at a slight premium to the market price.
The new funds will be used to build upon the Company’s recent successes and maintain strong commercial momentum, helping to further accelerate adoption of Velocys technology following the start of construction of its first commercial project.
