Predator Oil & Gas Holdings plc announced it has raised £1.785 million before expenses after conditionally placing 17 million new ordinary shares of no par value in the company at a placing price of 10.5 pence each.
The placing was significantly oversubscribed and utilises much of the company’s existing headroom shares under the Financial Conduct Authority restrictions for companies on the Official List (standard listing segment) of the London Stock Exchange’s main market for listed securities.