Proactive Investor's  Instablog

Proactive Investor
Send Message
Proactiveinvestors is a leading multimedia news organization, investor portal and events management business with offices in New York, Sydney, Toronto and London. Proactiveinvestors operates five financial websites in four languages providing breaking news, comment and analysis on hundreds of... More
My company:
My blog:
  • Po Valley Directors Increase Stakes Through Participation In Private Placement 0 comments
    Mar 11, 2013 5:52 PM

    Po Valley (ASX: PVE) directors have acquired further shares in the company after participating in a A$1.35 million private placement to support the upgrade of the Sillaro gas plant in Italy to enable higher production.

    Deputy chairman Michael Masterman has acquired 3 million shares priced at $0.12 for a total of $360,000.

    This brings his stake in the company up to 32,845,302 shares.

    Chairman Graham Bradley acquired 250,000 shares for $30,000, bringing his total shareholding up to 1,373,880 while director Gregory Short acquired 200,000 shares increasing his shareholding up to 200,000 shares.

    Director Kevin John Eley acquired 400,00 shares for $48,000, increasing his stake up to 800,000 shares.

    Production from Sillaro is presently at about 1.8 million cubic feet of gas per day (MMcfd) pending installation of a condensate separator.

    This will allow production to reach 3MMcfd.

    Po Valley had $1.2 million as of 31 December 2012 and a current market capitalisation of $12.23 million.

    Proactive Investors Australia is the market leader in producing news, articles and research reports on ASX "Small and Mid-cap" stocks with distribution in Australia, UK, North America and Hong Kong / China.

Back To Proactive Investor's Instablog HomePage »

Instablogs are blogs which are instantly set up and networked within the Seeking Alpha community. Instablog posts are not selected, edited or screened by Seeking Alpha editors, in contrast to contributors' articles.

Comments (0)
Track new comments
Be the first to comment
Full index of posts »
Latest Followers


More »

Latest Comments

Instablogs are Seeking Alpha's free blogging platform customized for finance, with instant set up and exposure to millions of readers interested in the financial markets. Publish your own instablog in minutes.