Coro Starts Trading
UK-listed Moroccan gas explorer Sound Energy said April 9 it completed divestment of its Italian assets that morning, and in return its shareholders now have 25.9% of the enlarged share capital of Coro Energy.
Coro, formerly UK-listed Saffron Energy, said shares in its enlarged company, with a market capitalisation of some £30mn ($42mn), began trading on London's AIM market early April 9 under the ticker ‘Coro’.
Saffron announced October 5 2017 that it would acquire the Italian onshore assets of Sound and Australia’s PVE and relaunch itself as Coro Energy.
Coro describes itself as "a pan-Euro Asia upstream company focused on transformation multi-trillion ft3 gas exploration in high value, growing markets," with assets in southeast Asia and Italy.