Australia Stock Exchange (ASX) listed and Zimbabwe focused oil and gas exploration junior, Invictus Energy, has requested a suspension of trading in its shares ahead of an update this week relating to a capital raising programme. Invictus Raising Capital for Zimbabwe Exploration Wednesday, March 24, 2021 Invictus Energy announced that it initiated a capital raising made up of A$8.0m in funds raised via a Private Placement to sophisticated and institutional investors for its Cabora Bassa project in Zimbabwe. 03/27/2021 | 06:06am EDT *: *: * Senior Reporter. Established as Prime Stockbrokers in 1996 and later acquired by Invictus Capital in December 2011, and rebranded as Invictus Securities Zimbabwe (“ZSE”), the company is a member of Invictus Capital Group, which is an integrated financial services company with primary focus on Zimbabwe. Currently, Invictus shares will be paused until Wednesday, March 24, or when more information is released to the market. Invictus Capital is an integrated financial services company with primary focus on Africa. The company is expecting to announce an update to the market on or prior to the commencement of trading on March 24, 2021,” Mr Macmillan said. Australia Stock Exchange (ASX) listed and Zimbabwe focused oil and gas exploration junior, Invictus Energy, has requested a suspension of trading in its shares ahead of an update this week relating to a capital raising programme. “The securities of Invictus Energy Limited will be placed in trading halt at the request of IVZ (Invictus Energy Limited), pending releasing an announcement,” said Daniel Nicholson, ASX advisor listing and compliance (Perth). Overview; Board & Management; Our Strategy; Corporate Governance; Our Assets. The funds will also provide capital for Invictus to accelerate the company’s exploration campaign throughout the remainder of CY21. Sydney-listed Invictus Energy has signed a petroleum exploration development and production agreement with Zimbabwe for the Cabora Bassa gas project, it said on March 29. Following approval from His Excellency President E.D. 1. “The company will also use part of the proceeds from the placement to order long lead drilling equipment and undertake a rig tender exercise. The company, whose main asset is the expansive oil and gas exploration prospect in the Cahora Bassa region, which encompasses the Muzarabani prospect, has not indicated how much it seeks to raise or how the funds will be spent. How About Too Big to Implement? Trading in the company’s shares will be suspended until tomorrow or when the information on the capital raise programme has been released to the market. In … Australia Stock Exchange (ASX) listed and Zimbabwe focused oil and gas exploration junior, Invictus Energy, has requested a suspension of trading in its shares ahead of an update this week relating to a capital raising programme. The Cahora Bassa , which includes the Muzarabani Prospect, is according to the company potentially the largest undrilled seismically defined structure onshore Africa. Invictus Securities (Pvt) Limited. Invictus Energy Limited last year received a license from the environmental management authority, meaning that it can start working on the prospective site in Muzarabani. Invictus Energy (IVZ) has commenced the week in a trading halt ahead of an upcoming capital raise. Invictus is also proud to have a significant local indigenous investor in Mangwana Capital which I chair. Invictus Energy managing director Scott Macmillan, said in accordance with the requirements of Listing Rule 17,1, the company had requested a trading halt of the company’s securities. Mnangagwa, the PEPDA between Invictus’s 80% owned subsidiary, Geo Associates and the Republic of Zimbabw Zimbabwe and Invictus sign Petroleum Exploration Development & Production Agreement - FurtherAfrica Summary: Charts: News: Calendar: Company: Financials : Summary: Most relevant: All News: Other languages: Press Releases: Official Publications: Sector news: Invictus Energy : Muzarabani Oil Prospects Excite Zim . Senior Business Reporter. Invictus Energy Ltd ASX: IVZ Completion of Placement with Strategic Investor at Substantial Premium DATE: 8 JULY 2020 ... | March 29, 2021 Proceeds from the capital raising are to be applied to SG 4571 seismic acquisition campaign and the ordering of long lead drilling items for Mzarabani-1 exploration well. It has been a big year so far for the Australian listed firm’s share price, which has doubled since the beginning of 2021. Our asset portfolio consists of a highly prospective portion of the Cabora Bassa Basin in Zimbabwe, one of the largest under-explored interior rift basins in Africa. In addition, the placement will provide ongoing working capital to support the development of the project as it continues to prepare for a high impact basin opening drilling campaign, anticipated in late CY21 / early CY2.”. Just three trading days before the ASX closed for 2020, Invictus Energy announced it had received a non-binding farm-in offer to Geo Associates’, Invictus 80 percent shareholder, Cahora Bassa (Muzarabani) project. Invictus Securities (Pvt) Limited. Zimbabwe; SG4571; Investors. INVICTUS ENERGY : to Give Capital Raise Update: AQ. Invictus Energy, the company prospecting for gas and oil in Zimbabwe, has moved a few steps closer in the long road towards testing for petroleum potential in the Cabora Bassa basin; a new farm-in agreement, picking a contractor to run key seismic tests, and preparing a … Invictus Energy shares are up 8.62 per cent following the announcement trading at 15.8 cents; Invictus Energy (IVZ) has been granted a crucial exploration and development licence for its Cabora Bassa Project from the Republic of Zimbabwe. Box CY 1237, Causeway, Harare, Zimbabwe. Invictus Capital - Grow your wealth with innovative investment funds Grow your wealth like never before Enjoy easy access to innovative investment funds. Nzioka Waita joined Safaricom in 2001 as a Legal Officer responsible for Site Acquisition. Invest any amount in venture capital, crypto index funds, gold, USD-backed lending and renewable energy. Invictus Energy announced that it initiated a capital raising made up of A$8.0m in funds raised via a Private Placement to sophisticated and institutional investors for its Cabora Bassa project in Zimbabwe. Invictus Energy Ltd is an independent oil and gas exploration company focused on high impact energy resources in sub-Saharan Africa. Australia Stock Exchange (ASX) listed and Zimbabwe-focused oil and gas exploration junior, Invictus Energy, has requested a suspension of trading in its shares ahead of an update this week relating to a capital raising programme. President Mnangagwa said Zimbabwe was excited at the prospect of successful oil and gas discovery, which will bring significant benefits that include energy self-sufficiency, employment creation, petro-chemicals and LPG gas production. Australia Stock Exchange (ASX) listed and Zimbabwe-focused oil and gas exploration junior, Invictus Energy, has requested a suspension of trading in its shares ahead of an update this week relating to a capital raising programme. Invictus Mangwana Capital represents over 21 pension funds in the country we are proud to be supporting Invictus in this very important project. However, the company is on record saying it has spent about US$3,5 million on the Cahora Bassa/Muzarabni project and may require between US$16 million to $20 million to undertake drilling of test wells later this year. Australia Stock Exchange (ASX) listed and Zimbabwe focused oil and gas exploration junior, Invictus Energy, has requested a suspension of trading in its shares ahead of an update this week relating to a capital raising programme. Physical Address: 37 Victoria Drive, Newlands, Harare, Zimbabwe. The upcoming 2D seismic campaign in SG 4571; Long lead drilling items for the Mzarabani-1 exploration well. Invictus Capital is not registered under the U.S. Investment Company Act of 1940, as amended, nor is the sale of Invictus tokens registered under the U.S. Securities Act of 1933, as amended. By Golden Sibanda. Australia Stock Exchange (ASX) listed and Zimbabwe focused oil and gas exploration junior, Invictus Energy, has requested a suspension of trading in its shares ahead of an update this week relating to a capital raising programme. Invictus Energy Limited last year received a license from the environmental management authority, meaning that it can start working on the prospective site in Muzarabani. Invictus Energy … So far, there are no details on how much the company is aiming to spend or where the funds will be spent. In … “The company will be providing an update in relation to a capital raising. © Copyright 2021, African Millionaires and Entrepreneurs. Sydney-listed Invictus Energy has signed a petroleum exploration development and production agreement with Zimbabwe for the Cabora Bassa gas project, it said on March 29. Zimbabwe: Invictus to Give Capital Raise Update. South Africa: Funding Frown – Smile Telecoms Faces the Prospect of Liquidation, Nigeria: Senate Moves to Establish N5 Billion Mineral Development Agency, Zimbabwe: Trainee Teachers Threaten ‘Chaotic’ Demos Over U.S.$1.50 Monthly Allowances, Thuli Madonsela Public Protector for the Republic of South Africa, Nzioka Waita Director Safaricom Corporate Affairs South Africa. 'This project is a potential game changer for the country and if successful will change the energy landscape and place Zimbabwe on a path to an energy independent future.' Recently Invictus in accordance with the requirements of rules for listed firms in Australia, has requested a trading halt of its shares, pending … Invictus’ share price jumped from AU$0,088 to AU$0,145 per share on Wednesday, March 10, prompting regulatory authorities to ask the exploration firm to indicate if it was aware of information driving the frenzied interest and spike in the price. Joe Mutziwa, Chairman of Mangwana Capital and incoming director of wholly owned subsidiary Invictus Energy Resources Zimbabwe commented: “We are delighted to become a shareholder of Invictus. 16 mins ago Uncategorized. In December last year, the company announced that a review of the Petroleum Exploration Development and Production Agreement (PEDPA) had been completed by the inter-ministerial committee of the Government of Zimbabwe and has been approved. Proceeds of the Placement will be applied towards: Commenting on the capital raising Managing Director Scott Macmillan said: “We are extremely pleased with the excellent support received from new and existing shareholders and it is a strong endorsement of our Cabora Bassa project and the exciting and world class Mzarabani-1 Prospect which the company is preparing to drill. Mangwana Capital represents over 21 pension funds in the country we are proud to be supporting Invictus in this very important project. Waita …. We are pleased to announce the launch of our monthly economic and market review. ASX Announcements; Presentations; Historic Share Price Chart; Capital Structure; Media; Contact; Our Company. “The placement funds will allow us to commence our 2D seismic acquisition campaign to refine the drilling targets in the stacked Mzarabani Prospect and identify additional prospectivity in the SG 4571 permit. Telephone/Mobile. Invictus has since undertaken detailed traversing and mapping across the area, identifying the optimal acquisition routes. Zimbabwe: Invictus completes AUS8.0million placement 23 Mar 2021. Our fund investors comprise a broad range of Zimbabwe’s institutional investors and our Investment in Invictus will ensure that they share in the success of the Company. Its stock lasted traded at 14 Australian cents a share on Friday last week. Invictus Capital. ‘This project is a potential game changer for the country and if successful will change the energy landscape and place Zimbabwe on a path to an energy independent future.’ About the Cabora Bassa Project Further, the Zimbabwe Investment Development Agency approved the extension of the firm’s investment licence by another three years, which will allow the company to progress its investigation for oil and gas. Invictus sold the prospect of a ready market for energy abroad and in Zimbabwe; the LNG plants in the Rovuma basin of Mozambique, tapping into the Pande-Temane gas pipeline to South Africa and offloading locally to the likes of Hwange, Sable Chemicals, industrial consumers and the Feruka and Harare refineries. GOVERNMENT is excited by the encouraging prospects of … Australia Stock Exchange (ASX) listed and Zimbabwe focused oil and gas exploration junior, Invictus Energy, has requested a suspension of trading in its shares ahead of an update this week relating to a capital raising programme. Invictus Energy . Home /. Postal: P. O. Mangwana Capital represents over 21 pension funds in the country we are proud to be supporting Invictus in this very important project. Zimbabwe’s economic operating environment is envisaged to remain largely difficult in 2020, with a modest upside GDP growth, driven by an expected recovery in the agriculture sector. Company. The company has also announced plans to begin drilling on the Cahora Bassa/Muzarabani prospect in October this year. energyvoice.com - Australia’s Invictus Energy has completed a capital raise of A$8 million ($6.1mn), which it will use to progress work on its Zimbabwean hopes. HIGHLIGHTS. It has also stated plans to carry out more testing at the end of the rainy season (October to April). Invictus Energy managing director Scott Macmillan, said in accordance with the requirements of Listing Rule 17,1, the company had requested a trading halt of the company’s … About the Cabora Bassa Project Australia’s Invictus Energy has completed a capital raise of A$8 million ($6.1mn), which it will use to progress work on its Zimbabwean hopes. … The PEDPA provides the framework for progression of the Cahora Bassa Project through the exploration, appraisal, development and production phases and the obligations and rights of each party over the project lifecycle. Investors have demonstrated their support for Invictus and its Cabora Bassa gas project in Zimbabwe through an $8m private placement to fund exploration.. Invictus Energy has received firm commitments from new and existing institutional and sophisticated investors to raise A$8.0m (before costs) by … All Rights Reserved https://africanmillionaire.net, its sponsors, contributors and advertisers disclaim all liability for any loss, damage, injury or expense that might arise from the use of, or reliance upon, the services contained herein. Invictus Energy Ltd is an independent oil and gas exploration company focused on high impact energy resources in sub-Saharan Africa. CONTACT DETAILS. Zimbabwe: Invictus to Give Capital Raise Update, Secrets Of Self Made African Millionaires, Malawi: 27 Malawians Receive Scholarships From Iie Under Agricultural Transformation Initiative – Some At Michigan University, Others At North Carolina, Namibia: PDM Donates Hay to Kunene Farmers, Zimbabwe: No Maize At Commodities Exchange, Kenya: End of Restructuring of Loans By Banks in Sight as CBK Announces New Date, Mauritius: Covid-19 – PM Announces Re-Opening of Additional Economic Activities As From 31 March 2021. Funds will provide capital for Invictus to accelerate the Company’s exploration campaign throughout the remainder of CY21. South Africa: How to Grow an Economy – Too Big to Fail? Order long lead drilling equipment and undertake a rig tender exercise on Africa for Site acquisition a significant local investor... – Too Big to Fail or when more information is released to the market rainy season October. ; Contact ; Our Assets, March 24, or when more information released... 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