How About Too Big to Implement? âThe company will also use part of the proceeds from the placement to order long lead drilling equipment and undertake a rig tender exercise. Australia Stock Exchange (ASX) listed and Zimbabwe focused oil and gas exploration junior, Invictus Energy, has requested a suspension of trading in its shares ahead of an update this week relating to a capital raising programme. Invictus Energy announced that it initiated a capital raising made up of A$8.0m in funds raised via a Private Placement to sophisticated and institutional investors for its Cabora Bassa project in Zimbabwe. South Africa: Funding Frown – Smile Telecoms Faces the Prospect of Liquidation, Nigeria: Senate Moves to Establish N5 Billion Mineral Development Agency, Zimbabwe: Trainee Teachers Threaten ‘Chaotic’ Demos Over U.S.$1.50 Monthly Allowances, Thuli Madonsela Public Protector for the Republic of South Africa, Nzioka Waita Director Safaricom Corporate Affairs South Africa. Proceeds of the Placement will be applied towards: Commenting on the capital raising Managing Director Scott Macmillan said: âWe are extremely pleased with the excellent support received from new and existing shareholders and it is a strong endorsement of our Cabora Bassa project and the exciting and world class Mzarabani-1 Prospect which the company is preparing to drill. President Mnangagwa said Zimbabwe was excited at the prospect of successful oil and gas discovery, which will bring significant benefits that include energy self-sufficiency, employment creation, petro-chemicals and LPG gas production. The company has also announced plans to begin drilling on the Cahora Bassa/Muzarabani prospect in October this year. Australia Stock Exchange (ASX) listed and Zimbabwe focused oil and gas exploration junior, Invictus Energy, has requested a suspension of trading in its shares ahead of an update this week relating to a capital raising programme. Australia Stock Exchange (ASX) listed and Zimbabwe focused oil and gas exploration junior, Invictus Energy, has requested a suspension of trading in its shares ahead of an update this week relating to a capital raising programme. Invictus Energy Limited last year received a license from the environmental management authority, meaning that it can start working on the prospective site in Muzarabani. Australia Stock Exchange (ASX) listed and Zimbabwe focused oil and gas exploration junior, Invictus Energy, has requested a suspension of trading in its shares ahead of an update this week relating to a capital raising programme. 16 mins ago Uncategorized. It has been a big year so far for the Australian listed firm’s share price, which has doubled since the beginning of 2021. Trading in the company’s shares will be suspended until tomorrow or when the information on the capital raise programme has been released to the market. Company. … Invictus Energy Ltd is an independent oil and gas exploration company focused on high impact energy resources in sub-Saharan Africa. Australia’s Invictus Energy has completed a capital raise of A$8 million ($6.1mn), which it will use to progress work on its Zimbabwean hopes. GOVERNMENT is excited by the encouraging prospects of … Zimbabwe: Invictus to Give Capital Raise Update, Secrets Of Self Made African Millionaires, Malawi: 27 Malawians Receive Scholarships From Iie Under Agricultural Transformation Initiative – Some At Michigan University, Others At North Carolina, Namibia: PDM Donates Hay to Kunene Farmers, Zimbabwe: No Maize At Commodities Exchange, Kenya: End of Restructuring of Loans By Banks in Sight as CBK Announces New Date, Mauritius: Covid-19 – PM Announces Re-Opening of Additional Economic Activities As From 31 March 2021. Invictus has since undertaken detailed traversing and mapping across the area, identifying the optimal acquisition routes. Invictus Energy managing director Scott Macmillan, said in accordance with the requirements of Listing Rule 17,1, the company had requested a trading halt of the company’s securities. “The securities of Invictus Energy Limited will be placed in trading halt at the request of IVZ (Invictus Energy Limited), pending releasing an announcement,” said Daniel Nicholson, ASX advisor listing and compliance (Perth). Overview; Board & Management; Our Strategy; Corporate Governance; Our Assets. Telephone/Mobile. Established as Prime Stockbrokers in 1996 and later acquired by Invictus Capital in December 2011, and rebranded as Invictus Securities Zimbabwe (“ZSE”), the company is a member of Invictus Capital Group, which is an integrated financial services company with primary focus on Zimbabwe. Proceeds from the capital raising are to be applied to SG 4571 seismic acquisition campaign and the ordering of long lead drilling items for Mzarabani-1 exploration well. Funds will provide capital for Invictus to accelerate the Company’s exploration campaign throughout the remainder of CY21. Mangwana Capital represents over 21 pension funds in the country we are proud to be supporting Invictus in this very important project. Joe Mutziwa, Chairman of Mangwana Capital and incoming director of wholly owned subsidiary Invictus Energy Resources Zimbabwe commented: “We are delighted to become a shareholder of Invictus. Invictus Capital is not registered under the U.S. Investment Company Act of 1940, as amended, nor is the sale of Invictus tokens registered under the U.S. Securities Act of 1933, as amended. Australia Stock Exchange (ASX) listed and Zimbabwe-focused oil and gas exploration junior, Invictus Energy, has requested a suspension of trading in its shares ahead of an update this week relating to a capital raising programme. Invictus Energy, the company prospecting for gas and oil in Zimbabwe, has moved a few steps closer in the long road towards testing for petroleum potential in the Cabora Bassa basin; a new farm-in agreement, picking a contractor to run key seismic tests, and preparing a … Invictus Energy Ltd ASX: IVZ Completion of Placement with Strategic Investor at Substantial Premium DATE: 8 JULY 2020 ... | March 29, 2021 Invictus Securities (Pvt) Limited. The upcoming 2D seismic campaign in SG 4571; Long lead drilling items for the Mzarabani-1 exploration well. Senior Business Reporter. Recently Invictus in accordance with the requirements of rules for listed firms in Australia, has requested a trading halt of its shares, pending … Invictus About the Cabora Bassa Project 03/27/2021 | 06:06am EDT *: *: * Senior Reporter. We are pleased to announce the launch of our monthly economic and market review. Physical Address: 37 Victoria Drive, Newlands, Harare, Zimbabwe. Zimbabwe: Invictus completes AUS8.0million placement 23 Mar 2021. Invictus Securities (Pvt) Limited. Box CY 1237, Causeway, Harare, Zimbabwe. Invictus Capital - Grow your wealth with innovative investment funds Grow your wealth like never before Enjoy easy access to innovative investment funds. Invictus’ share price jumped from AU$0,088 to AU$0,145 per share on Wednesday, March 10, prompting regulatory authorities to ask the exploration firm to indicate if it was aware of information driving the frenzied interest and spike in the price. Zimbabwe: Invictus to Give Capital Raise Update. Australia Stock Exchange (ASX) listed and Zimbabwe focused oil and gas exploration junior, Invictus Energy, has requested a suspension of trading in its shares ahead of an update this week relating to a capital raising programme. Zimbabwe’s economic operating environment is envisaged to remain largely difficult in 2020, with a modest upside GDP growth, driven by an expected recovery in the agriculture sector. In December last year, the company announced that a review of the Petroleum Exploration Development and Production Agreement (PEDPA) had been completed by the inter-ministerial committee of the Government of Zimbabwe and has been approved. INVICTUS ENERGY : to Give Capital Raise Update: AQ. South Africa: How to Grow an Economy – Too Big to Fail? energyvoice.com - Australia’s Invictus Energy has completed a capital raise of A$8 million ($6.1mn), which it will use to progress work on its Zimbabwean hopes. Sydney-listed Invictus Energy has signed a petroleum exploration development and production agreement with Zimbabwe for the Cabora Bassa gas project, it said on March 29. Our fund investors comprise a broad range of Zimbabwe’s institutional investors and our Investment in Invictus will ensure that they share in the success of the Company. Our asset portfolio consists of a highly prospective portion of the Cabora Bassa Basin in Zimbabwe, one of the largest under-explored interior rift basins in Africa. Mangwana Capital represents over 21 pension funds in the country we are proud to be supporting Invictus in this very important project. ‘This project is a potential game changer for the country and if successful will change the energy landscape and place Zimbabwe on a path to an energy independent future.’ About the Cabora Bassa Project Mangwana Capital represents over 21 pension funds in the country we are proud to be supporting Invictus in this very important project. “The company will be providing an update in relation to a capital raising. © Copyright 2021, African Millionaires and Entrepreneurs. Invictus Energy shares are up 8.62 per cent following the announcement trading at 15.8 cents; Invictus Energy (IVZ) has been granted a crucial exploration and development licence for its Cabora Bassa Project from the Republic of Zimbabwe. Invictus Energy … However, the company is on record saying it has spent about US$3,5 million on the Cahora Bassa/Muzarabni project and may require between US$16 million to $20 million to undertake drilling of test wells later this year. Invictus Energy managing director Scott Macmillan, said in accordance with the requirements of Listing Rule 17,1, the company had requested a trading halt of the company’s … Mnangagwa, the PEPDA between Invictus’s 80% owned subsidiary, Geo Associates and the Republic of Zimbabw Zimbabwe and Invictus sign Petroleum Exploration Development & Production Agreement - FurtherAfrica The Cahora Bassa , which includes the Muzarabani Prospect, is according to the company potentially the largest undrilled seismically defined structure onshore Africa. Waita …. All Rights Reserved https://africanmillionaire.net, its sponsors, contributors and advertisers disclaim all liability for any loss, damage, injury or expense that might arise from the use of, or reliance upon, the services contained herein. 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