Predator Oil & Gas Holdings plc is to raise £3.3 million via a placing to fund drilling at its onshore gas operations in Morocco. PLACING The company conditionally placed 60,000,000 new ordinary shares of no par value at 5.5 pence each, lower than yesterday (Tuesday)’s price of 8.3 pence. Predator said that the placing was significantly oversubscribed and […]
Tag: placing
Orcadian to raise £1 million via placing
Orcadian Energy plc said it is to raise £1 million gross through the placing of 2,857,143 ordinary shares to certain institutional and other investors at a price of 35 pence per share. DIRECTOR DEALING Chief financial officer Alan Hume has subscribed for 228,571 placing shares for £80,000, taking his total held to 4,036,960, representing 6.1% of the enlarged […]
Rockhopper raises £5.75m via placing and subscription
Rockhopper Exploration plc has raised US$7 million (£5.75m) through a placing and subscription. DISCOUNT The company placed 82,182,776 units each at the issue price of 7 pence, which is a 12.5% discount to the closing price on 14 June 2022. Each unit comprises one new ordinary share and, for every two new ordinary shares subscribed for, […]
Anglesey raises £864,416 via placing-subscription
Anglesey Mining plc said it had raised a total of £864,416 gross proceeds from a placing and subscription. DEBT RESTRUCTURING A placing of 22,829,705 ordinary shares with institutional and other investors at a price of 3.4 pence per share raised £776,210. Chairman John Kearney and chief executive officer Jo Battershill subscribed for an additional 2,594,284 […]
Kavango raises £750,000 via placing
Kavango Resources plc has raised £750,000 by way of a “heavily oversubscribed” placing at 3p per share over the weekend. A total 25 million new ordinary shares were placed with institutional, high net worth and retail investors. The company said the placing price was not at a discount to the offer price of its shares […]
Predator Oil & Gas raises £1m via placing
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 […]