Source - SMW
Sound Energy launched a $3.0m share placing to strengthen its cash position while it explores a sale of its asset portfolio in eastern Morocco.

New shares in the company were being issued at 10p each.

Sound Energy said it was planning to complete the asset sale before the end of 2019.

The company said it had also extended a cost reduction programme to include a reduction in the base salaries of all of its executive directors.

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