Gneiss supports Sound Energy plc on £4 million placing and subscription
Gneiss Energy is pleased to have acted as financial adviser and placing agent to Sound Energy plc on its successful £4 million placing and subscription.
Sound Energy is an AIM-listed transition energy company focused on developing its material gas development at the Tendrara Exploitation Concession onshore Eastern Morocco.
The funds raised will principally be used for pre-development work up to a final investment decision on its Phase 2 gas pipeline development, complementing the project financing Sound Energy has secured for its Phase 1 micro LNG development.
The company RNS is here.
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