{"id":13715,"date":"2023-06-01T11:11:10","date_gmt":"2023-06-01T11:11:10","guid":{"rendered":"https:\/\/www.oilnewskenya.com\/?p=13715"},"modified":"2023-06-01T11:11:10","modified_gmt":"2023-06-01T11:11:10","slug":"zimbabwe-invictus-raises-12-7-million-for-high-impact-exploration-appraisal-program","status":"publish","type":"post","link":"https:\/\/www.oilnewskenya.com\/index.php\/zimbabwe-invictus-raises-12-7-million-for-high-impact-exploration-appraisal-program\/","title":{"rendered":"ZIMBABWE: Invictus Raises $12.7 million for High Impact Exploration &#038; Appraisal Program"},"content":{"rendered":"\n<p class=\"wp-block-paragraph\">Invictus Energy has announced that its Share Purchase Plan (SPP) offer announced on 6 April 2023 has closed oversubscribed, with valid applications received from eligible shareholders amounting to<br>$12.7 million.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">Due to the overwhelming support received by shareholders, the Board has exercised its discretion to increase the size of the SPP to accommodate the oversubscriptions in recognition of the long-term support of its retail investors. <\/p>\n\n\n\n<p class=\"wp-block-paragraph\">In order to facilitate the change to the offer terms under the SPP prospectus to accept the oversubscriptions, Invictus will be lodging a supplementary SPP prospectus.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">Comments from Managing Director Scott Macmillan:<br><em>\u201cI am pleased by the overwhelming support we have received from shareholders for the SPP, and I am delighted that we have been able to accept oversubscriptions.<br>The funding raised in the SPP, combined with the recently completed institutional Placement, puts Invictus in a strong position as we enter our next phase of exploration and appraisal in the Cabora Bassa Basin.<br>The funds will help support the drilling of the upcoming Mukuyu-2 appraisal well, which will build on the success of the play opening Mukuyu-1\/ST1 exploration well.<\/em><\/p>\n\n\n\n<p class=\"wp-block-paragraph\">Funds will also be allocated to support the recently awarded CB23 seismic campaign, which will aim to mature a number of already identified leads to drill-ready prospects as we look to unlock the upside potential of our wider basin master position.\u201c<\/p>\n\n\n\n<p class=\"wp-block-paragraph\"><strong>SPP shares to be issued<br><\/strong>With the SPP now closed, Invictus will allot a total of 106,127,367 new fully paid ordinary shares, raising $12.7 million.<br>As a result of accepting the oversubscriptions and the requirement to lodge a SPP supplementary prospectus, the allotment of shares will now take place on 2 June 2023.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Invictus Energy has announced that its Share Purchase Plan (SPP) offer announced on 6 April 2023 has closed oversubscribed, with valid applications received from eligible shareholders amounting to$12.7 million. Due &hellip; <a href=\"https:\/\/www.oilnewskenya.com\/index.php\/zimbabwe-invictus-raises-12-7-million-for-high-impact-exploration-appraisal-program\/\" class=\"more-link\">Read More<\/a><\/p>\n","protected":false},"author":24,"featured_media":13716,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_jetpack_newsletter_access":"","_jetpack_dont_email_post_to_subs":false,"_jetpack_newsletter_tier_id":0,"_jetpack_memberships_contains_paywalled_content":false,"_jetpack_feature_clip_id":0,"_jetpack_memberships_contains_paid_content":false,"footnotes":"","jetpack_publicize_message":"","jetpack_publicize_feature_enabled":true,"jetpack_social_post_already_shared":false,"jetpack_social_options":{"image_generator_settings":{"template":"highway","default_image_id":0,"font":"","enabled":false},"version":2},"jetpack_post_was_ever_published":false},"categories":[1],"tags":[9258,7812,11255,11254],"class_list":["post-13715","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-uncategorized","tag-cabora-bassa-basin","tag-invictus-energy","tag-mukuyu-1-st1-exploration-well","tag-mukuyu-2-appraisal-well","entry"],"jetpack_publicize_connections":[],"jetpack_featured_media_url":"https:\/\/i0.wp.com\/www.oilnewskenya.com\/wp-content\/uploads\/2023\/06\/Zimbabwe-cabora-basin-license-map.png?fit=632%2C432&ssl=1","jetpack_shortlink":"https:\/\/wp.me\/p5JWkQ-3zd","jetpack-related-posts":[{"id":11621,"url":"https:\/\/www.oilnewskenya.com\/index.php\/zimbabwe-invictus-energy-cabora-bassa-securities-purchase-plan-increased-to-4m\/","url_meta":{"origin":13715,"position":0},"title":"ZIMBABWE: Invictus Energy Cabora Bassa Securities Purchase Plan increased to $4m","author":"","date":"January 17, 2022","format":false,"excerpt":"Invictus Energy has provide an update on the capital raising activities to assist with the funding of its 80 per cent owned and operated Cabora Bassa Project in Zimbabwe. Securities Purchase Plan increased target of $3m reached On 10 January 2022 Invictus launched its Securities Purchase Plan (SPP) by lodgement\u2026","rel":"","context":"In &quot;Countries&quot;","block_context":{"text":"Countries","link":"https:\/\/www.oilnewskenya.com\/index.php\/category\/countries\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/www.oilnewskenya.com\/wp-content\/uploads\/2020\/07\/Zimbabwe-Cabora-Bassa.jpg?fit=570%2C797&ssl=1&resize=350%2C200","width":350,"height":200,"srcset":"https:\/\/i0.wp.com\/www.oilnewskenya.com\/wp-content\/uploads\/2020\/07\/Zimbabwe-Cabora-Bassa.jpg?fit=570%2C797&ssl=1&resize=350%2C200 1x, https:\/\/i0.wp.com\/www.oilnewskenya.com\/wp-content\/uploads\/2020\/07\/Zimbabwe-Cabora-Bassa.jpg?fit=570%2C797&ssl=1&resize=525%2C300 1.5x"},"classes":[]},{"id":13556,"url":"https:\/\/www.oilnewskenya.com\/index.php\/zimbabwe-invictus-raises-10m-to-fund-mukuyu-2-well-preparations-phase-2-exploration\/","url_meta":{"origin":13715,"position":1},"title":"ZIMBABWE: Invictus Raises $10M to Fund Mukuyu-2 Well Preparations &#038; Phase 2 Exploration","author":"","date":"April 12, 2023","format":false,"excerpt":"Invictus Energy has announced a private Placement to raise $10.0m, at $0.12 per share, following the Company\u2019s decision to advance preparations for an appraisal and exploration campaign in Zimbabwe\u2019s Cabora Bassa Basin. Comments from Managing Director Scott Macmillan:\u201cI am pleased with the backing Invictus has received from both existing and\u2026","rel":"","context":"In &quot;Countries&quot;","block_context":{"text":"Countries","link":"https:\/\/www.oilnewskenya.com\/index.php\/category\/countries\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/www.oilnewskenya.com\/wp-content\/uploads\/2023\/04\/Zimbabwe-Mukuyu-lead-map.png?fit=756%2C373&ssl=1&resize=350%2C200","width":350,"height":200,"srcset":"https:\/\/i0.wp.com\/www.oilnewskenya.com\/wp-content\/uploads\/2023\/04\/Zimbabwe-Mukuyu-lead-map.png?fit=756%2C373&ssl=1&resize=350%2C200 1x, https:\/\/i0.wp.com\/www.oilnewskenya.com\/wp-content\/uploads\/2023\/04\/Zimbabwe-Mukuyu-lead-map.png?fit=756%2C373&ssl=1&resize=525%2C300 1.5x, https:\/\/i0.wp.com\/www.oilnewskenya.com\/wp-content\/uploads\/2023\/04\/Zimbabwe-Mukuyu-lead-map.png?fit=756%2C373&ssl=1&resize=700%2C400 2x"},"classes":[]},{"id":13657,"url":"https:\/\/www.oilnewskenya.com\/index.php\/zimbabwe-invictus-energy-hopes-to-raise-up-to-a20m-to-fund-exploration-and-appraisal-work-in-cabora-bassa-basin\/","url_meta":{"origin":13715,"position":2},"title":"ZIMBABWE: Invictus Energy Hopes to Raise up to A$20m to fund exploration and appraisal work in Cabora Bassa basin","author":"","date":"May 3, 2023","format":false,"excerpt":"Invictus Energy has launched a Share Purchase Plan and the shortfall offer to raise up to A$10m to fund exploration and appraisal work in Zimbabwe's Cabora Bassa basin. Invictus had already raised $8,745,000 under the Placement and is also seeking shareholder approval at the General Meeting to raise a further\u2026","rel":"","context":"In &quot;Countries&quot;","block_context":{"text":"Countries","link":"https:\/\/www.oilnewskenya.com\/index.php\/category\/countries\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/www.oilnewskenya.com\/wp-content\/uploads\/2023\/05\/Zimbabwe-cabora-basin-license-map.png?fit=632%2C432&ssl=1&resize=350%2C200","width":350,"height":200,"srcset":"https:\/\/i0.wp.com\/www.oilnewskenya.com\/wp-content\/uploads\/2023\/05\/Zimbabwe-cabora-basin-license-map.png?fit=632%2C432&ssl=1&resize=350%2C200 1x, https:\/\/i0.wp.com\/www.oilnewskenya.com\/wp-content\/uploads\/2023\/05\/Zimbabwe-cabora-basin-license-map.png?fit=632%2C432&ssl=1&resize=525%2C300 1.5x"},"classes":[]},{"id":11568,"url":"https:\/\/www.oilnewskenya.com\/index.php\/zimbabwe-invictus-spp-total-increased-to-3-0m\/","url_meta":{"origin":13715,"position":3},"title":"ZIMBABWE: Invictus SPP total Increased to $3.0m","author":"","date":"January 12, 2022","format":false,"excerpt":"Invictus Energy has provided an update on the capital raising activities to assist with the funding of its 80% owned and operated Cabora Bassa Project in Zimbabwe. Securities Purchase Plan (SPP) $2m target reached on 10 January 2022 Invictus launched its SPP by lodgement with the ASX and ASIC of\u2026","rel":"","context":"In &quot;Countries&quot;","block_context":{"text":"Countries","link":"https:\/\/www.oilnewskenya.com\/index.php\/category\/countries\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/www.oilnewskenya.com\/wp-content\/uploads\/2020\/07\/Zimbabwe-Cabora-Bassa.jpg?fit=570%2C797&ssl=1&resize=350%2C200","width":350,"height":200,"srcset":"https:\/\/i0.wp.com\/www.oilnewskenya.com\/wp-content\/uploads\/2020\/07\/Zimbabwe-Cabora-Bassa.jpg?fit=570%2C797&ssl=1&resize=350%2C200 1x, https:\/\/i0.wp.com\/www.oilnewskenya.com\/wp-content\/uploads\/2020\/07\/Zimbabwe-Cabora-Bassa.jpg?fit=570%2C797&ssl=1&resize=525%2C300 1.5x"},"classes":[]},{"id":13958,"url":"https:\/\/www.oilnewskenya.com\/index.php\/zimbabwe-invictus-energy-spuds-mukuyu-2\/","url_meta":{"origin":13715,"position":4},"title":"ZIMBABWE: Invictus Energy Spuds Mukuyu 2","author":"","date":"September 21, 2023","format":false,"excerpt":"Invictus Energy has announced the commencement of drilling of the Mukuyu-2 well at its 80% owned and operated Cabora Bassa Project in Zimbabwe.Comments from Managing Director Scott Macmillan: \u201cThis is an exciting and long-anticipated moment for Invictus and our shareholders, and the commencement of our second drilling campaign is a\u2026","rel":"","context":"In &quot;Countries&quot;","block_context":{"text":"Countries","link":"https:\/\/www.oilnewskenya.com\/index.php\/category\/countries\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/www.oilnewskenya.com\/wp-content\/uploads\/2023\/09\/Zimbabwe-Mukuyu-2-trajectory.png?fit=613%2C496&ssl=1&resize=350%2C200","width":350,"height":200,"srcset":"https:\/\/i0.wp.com\/www.oilnewskenya.com\/wp-content\/uploads\/2023\/09\/Zimbabwe-Mukuyu-2-trajectory.png?fit=613%2C496&ssl=1&resize=350%2C200 1x, https:\/\/i0.wp.com\/www.oilnewskenya.com\/wp-content\/uploads\/2023\/09\/Zimbabwe-Mukuyu-2-trajectory.png?fit=613%2C496&ssl=1&resize=525%2C300 1.5x"},"classes":[]},{"id":11470,"url":"https:\/\/www.oilnewskenya.com\/index.php\/zimbabwe-invictus-raising-5-5m-to-support-the-development-of-the-cabora-bassa-project\/","url_meta":{"origin":13715,"position":5},"title":"ZIMBABWE: Invictus Raising $5.5m to Support the Development of the Cabora Bassa Project","author":"","date":"December 30, 2021","format":false,"excerpt":"Invictus Energy has announced a Placement of $3.5m and Share Purchase Plan (SPP) of up to $2m to raise a total aggregate amount of up to $5.5m (Capital Raising). Invictus Managing Director Scott Macmillan commented: \u201cWe are pleased to offer our long-term and loyal shareholders the right to participate in\u2026","rel":"","context":"In &quot;Countries&quot;","block_context":{"text":"Countries","link":"https:\/\/www.oilnewskenya.com\/index.php\/category\/countries\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/www.oilnewskenya.com\/wp-content\/uploads\/2020\/07\/Zimbabwe-Cabora-Bassa.jpg?fit=570%2C797&ssl=1&resize=350%2C200","width":350,"height":200,"srcset":"https:\/\/i0.wp.com\/www.oilnewskenya.com\/wp-content\/uploads\/2020\/07\/Zimbabwe-Cabora-Bassa.jpg?fit=570%2C797&ssl=1&resize=350%2C200 1x, https:\/\/i0.wp.com\/www.oilnewskenya.com\/wp-content\/uploads\/2020\/07\/Zimbabwe-Cabora-Bassa.jpg?fit=570%2C797&ssl=1&resize=525%2C300 1.5x"},"classes":[]}],"jetpack_sharing_enabled":true,"jetpack_likes_enabled":true,"_links":{"self":[{"href":"https:\/\/www.oilnewskenya.com\/index.php\/wp-json\/wp\/v2\/posts\/13715","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.oilnewskenya.com\/index.php\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.oilnewskenya.com\/index.php\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.oilnewskenya.com\/index.php\/wp-json\/wp\/v2\/users\/24"}],"replies":[{"embeddable":true,"href":"https:\/\/www.oilnewskenya.com\/index.php\/wp-json\/wp\/v2\/comments?post=13715"}],"version-history":[{"count":1,"href":"https:\/\/www.oilnewskenya.com\/index.php\/wp-json\/wp\/v2\/posts\/13715\/revisions"}],"predecessor-version":[{"id":13717,"href":"https:\/\/www.oilnewskenya.com\/index.php\/wp-json\/wp\/v2\/posts\/13715\/revisions\/13717"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.oilnewskenya.com\/index.php\/wp-json\/wp\/v2\/media\/13716"}],"wp:attachment":[{"href":"https:\/\/www.oilnewskenya.com\/index.php\/wp-json\/wp\/v2\/media?parent=13715"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.oilnewskenya.com\/index.php\/wp-json\/wp\/v2\/categories?post=13715"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.oilnewskenya.com\/index.php\/wp-json\/wp\/v2\/tags?post=13715"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}