Alkane Energy, the AIM-listed independent gas-to-power company, has completed the acquisition of certain of the coal mine methane assets of Yorkshire-based Maltby Colliery and associated 6.0m pounds gross fundraising.
The company said that the acquisition and the fundraising were conditional upon the admission of the 22.2m ordinary shares of 0.5p each in the capital of the company.
Subscribe to MoneyWeek
Subscribe to MoneyWeek today and get your first six magazine issues absolutely FREE
Sign up to Money Morning
Don't miss the latest investment and personal finances news, market analysis, plus money-saving tips with our free twice-daily newsletter
Don't miss the latest investment and personal finances news, market analysis, plus money-saving tips with our free twice-daily newsletter
Alkane Energy's share price was down 0.41% to 30.38p at 13:34 on Friday.
MF
-
How much you need to follow the 25x retirement rule – will you have enough to be financially independent?We explain what the 25x retirement rule is and the amount you would need to be financially independent in retirement.
-
Risk in investing: the importance of understanding how risk shapes your returnsTo maximise their chances of beating inflation over the long run, investors need to understand how risk impacts their portfolio
