Europa Oil & Gas (Holdings) plc has conditionally raised £2 million through a placing and broker option.
The company conditionally raised £1.5 million (before expenses), through the issue of a total of 115,384,616 new ordinary shares at a price of 1.3 pence per placing share.
Europa has also granted a broker option to conditionally raise up to a further £500,000 (before expenses) through the issue of up to 38,461,538 new ordinary shares.
The broker option is conditional upon the approval of shareholders at the meeting.