Equatorial Palm Oil PLC - AIM-listed cash shell - Raises GBP2.0 million through placing and GBP85,000 in subscription to go towards GBP15.8 million reverse takeover of Capital Metals Ltd. Proposes change of name to Capital Metals PLC should acquisition be approved. Also proposes share consolidation. Every 20 shares owned in Equatorial Palm Oil will be consolidated into just one. Says name change effective from January 12 and company's shares to remain suspended until January 13.
Current stock price: 0.75 pence
Year-to-date change: up 7.1%
By Eric Cunha; ericcunha@alliancenews.com
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