RE: Placing / Subscription / Fund Raising IMMINENT11 Mar 2025 07:07
Funding Options
Deltic is currently evaluating a number of options, both at the corporate and asset level, which should allow it to secure the funding required to meet its medium-term requirements in relation to the Selene development. The options under evaluation include, but are not limited to, a further farm-down of Deltic's current equity position in Selene, a partial sale of its interest in Selene, a pre-payment against future gas sales, and seeking to add new strategic shareholders to the Company's register.
This is a key area of focus for the management team and board as the Company determines the best way forward for the benefit of all shareholders.