Empyrean Energy Plc’s £7.623 Million Fundraising

In UK Armstrong Teasdale LLP, advised on the matter.

Armstrong Teasdale LLP advised Empyrean Energy Plc with a team including Joan Yu (Debt Capital Markets), Equity Capital Markets).

Empyrean Energy Plc (LON:EME) has secured funding totalling £7.623 million through an equity placing and convertible loan note issue to complete funding requirements for the drilling of the Jade prospect at the company’s 100% owned Block 29/11 permit, offshore China. 

Funds will primarily be used for final drilling preparation activities and the drilling of the Jade prospect, and for the Company’s general working capital requirements.

Empyrean is an oil and gas development company with interests in China, Indonesia and the United States.

The Armstrong Teasdale’s team was led by Partner Joan Yu (Picture). 

Involved fees earner: Joan Yu – Armstrong Teasdale LLP;

Law Firms: Armstrong Teasdale LLP;

Clients: Empyrean Energy Plc ;

Author: Giulia Di Palma