3R Petroleum shares plunge on ‘surprise’ $180 million capital increase plan

Potential dilution to shareholders who do not subscribe to new issuance could be over 15%

New issuance: 3R Petroleum chief executive Matheus Dias.
New issuance: 3R Petroleum chief executive Matheus Dias.Photo: RIO OIL & GAS
Published 17 April 2023, 15:46Updated 19 April 2023, 14:05