United Oil & Gas plc has raised £800,000 via a conditional placing and subscription for 444,444,444 new ordinary shares of £0.00001 each, at £0.0018 per share. MEETING The placing raised £654,852 and an additional £145,148 was directly subscribed for with the company. United said that the fundraising was “significantly oversubscribed and was scaled back”. Every two […]
Tag: conditional placing
Predator targets £2m in fundraise for Guercif drilling
Predator Oil & Gas Holdings plc looks to raise approximately £2 million from two executive directors’ share option exercises and a conditional two-tranche placing. SHARE OPTION SCHEME On 12 May, the company reported that managing director Paul Griffiths exercised 11,183,605 share options and executive chairman Lonny Baumgardner 7,928,444, in accordance with Predator’s unapproved share option […]