Empyrean Energy Plc
27�Jul�2005
Placing and Admission to AIM
Kerman & Co LLP advised Empyrean Energy on a placing of ordinary shares (with warrants attached) to raise �2.5 million before expenses and its admission AIM.� The placing values Empyrean at �10.7 million.
Empyrean will use the funds from the placing for the exploration and development of the Neues Bergland Permit in Germany and to provide flexibility to enter into further energy resource opportunities.
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