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Jadestone Raises $110mn Ahead Of Listing: Hedge Funds Rejoice

Northbrook, IL event-driven activist Livermore Partners continues to push it's Jadestone Energy investment. Ahead of Jadestone's listing on the London Stock Exchange, Livermore Managing Director David Neuhauser wrote in a note to clients that "Livermore expects to remain a large shareholder and Board member...This should continue to be a strong value investment for Livermore." The initial equity raise was $95mn but was upsized to $110mn due to demand. Some of the extra proceeds are to be used for redemption of the outstanding convertible debt of Tyrus. Crispin Odey's Odey Asset Management also has a stake in Jadestone....