CHARIOT CORPORATION LTD. Aktie

Chariot has appointed Hannam & Partners with immediate effect as joint corporate broker alongside Cavendish Capital Markets. The Africa-focused energy company is active in upstream oil and gas as well as renewable energy and holds assets in Angola, Morocco and Namibia, with projects in South Africa and plans for green hydrogen in Mauritania. No information was provided on the financial terms of the appointment. » More on de.investing.com

Chariot raised $20m by issuing 1.13 billion new ordinary shares at 1.4 pence net; gross proceeds were $21.4m. A warrant is being issued for each new share, exercisable until 9 April 2029 to subscribe for a share at 2.4 pence. The funds will finance the acquisition of an operational stake in offshore assets in Angola via Etu Energias, as well as transaction costs and working capital; shareholder approval will be sought at the annual general meeting on 11 March. In addition, a 1-for-7 rights issue is planned that could raise up to a further $4m, and directors subscribed for around $2.7m. » More on de.investing.com

Chariot has signed a letter of intent with ACWA Power to study the development of a joint transitional-energy business in southern Africa. Planned activities include the development, ownership and operation of facilities using renewables, battery storage and gas‑to‑power, with electricity to be sold to grids, corporate customers and traders. Initial target markets are South Africa, Botswana, Namibia, Mozambique, Zambia and Tanzania; both partners intend to combine technical, operational and financial expertise. There is no certainty the letter of intent will lead to a binding agreement, but Chariot views the project as a potential core of its future power-generation platform in connection with the planned split. » More on de.investing.com