London-listed company President Energy is planning to raise roughly $20 million which will partly be used to help fund its operations in Argentina.
President will offer shares at a price of £0.06 ($0.07) each which it said represented a 14.3%discount to the closing mid-market price of about £0.07 per share on Monday.
The company plans to raise roughly $17.2 million through an accelerated bookbuild and about $2.8
