Predator Oil & Gas Holdings plc said it had raised £1.035 million after conditionally placing 11,500,000 new ordinary shares of no par value at nine pence each.
USES
An executive director of the company Lonny Baumgardner participated for ordinary shares for £50,000, which is the equivalent to 4.83% of the placing.
The company added that the placing was significantly oversubscribed.
Money raised will be used to expand and execute its planned 2022 drilling operations in Morocco.