PetroEnergy Resources Plans to Raise USD19.8 Million in Rights Offering of Shares

Published: Jul 27 2017
Deal Summary

PetroEnergy Resources Corp. (PERC), a diversified energy company, intends to issue shares, for gross proceeds of PHP1,000 million (USD19.76 million), in a rights offering.

The company intends to use the proceeds to partly finance renewable energy projects and for general corporate purposes.

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