ELKO24 Mar 2021 20:45
Why would Elko agree to take $6.5million in shares 2 days ago without thinking they are going to make much more???????????? Got to be hitting oil this time.
88 Energy has entered into a share subscription agreement (the "Subscription") with ELKO International LLC ("ELKO"), one of the major contractors for the current drilling operations. Under the agreement ELKO has subscribed 360,000,000 new Ordinary Shares at $0.018 (the "Subscription Shares"), raising gross proceeds of $6.48 million at a 225% premium to the placement undertaken on 12th February 2021.