Finance News Oil & Gas

UKOG issues further 248m shares to reduce loan

Posted on Author editorial Comment(1)

UK Oil & Gas plc has repaid a further £50,000 of its £2m loan by issuing 247,524,752 equity shares to RiverFort Global Opportunities PCC Ltd and YA II PN Ltd.

The outstanding balance of the 2023 loan stands at £210,000.

Following admission, UKOG’s total voting rights will be 4,834,122,740 ordinary shares.

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  1. Pingback: UKOG raises £500,000 via discounted placing - Extractive Industries

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