Corre raises total €2.76m in cash call as talks with ‘strategic’ investors continue

Corre Energy is in talks with a number of third parties seeking to take a significant stake in the business.

The company said on Wednesday it raised €640,000 selling shares the previous day to existing shareholders, having last week placed €2.12 million with founders and a large long-standing investor. The company’s founding shareholders include former director Darren Patrick Green, who stepped down in February, chief executive Keith McGrane and businessman Brendan Boyd.Connacht’s female entrepreneurs: ‘Making a living from clothing in Ireland is not easy’Private investor closing in on deal for McKillen jnr’s Lucky Duck pub

However, according to observers, it is also down to concerns about Corre having failed to sufficiently spell out the financial details of its various projects to allow investors assess their potential for profit.

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Source: IrishTimes - 🏆 3. / 98 Read more »