Predator Oil & Gas Holdings plc has raised £10 million gross from an oversubscribed bookbuild for institutional investors.
A total of 90,909,090 new ordinary shares of nil par value were placed with investors at an issue price of 11 pence.
Following admission, which is subject to FCA approval of the Predator’s prospectus, the company’s issued share capital will comprise 517,312,508 ordinary shares, each with voting rights.
The company holds no ordinary shares in treasury.