United Oil & Gas plc has received its shareholders’ support for February’s £1 million discounted conditional fundraise via a placing. Voting remained open for three days until 18 March and the general meeting adjourned until today. United had warned that its future would be under threat if its investors refused to back the fundraise. The […]
Tag: fundraise
United allows more time for ‘crucial’ fundraise vote
United Oil & Gas plc has given its shareholders three days from tomorrow’s general meeting to vote on resolutions including February’s conditional £1 million fundraise. GOING CONCERN The company said it was “crucial” to approve the resolutions, warning that rejection threatened its future survival. United’s current interests are in Jamaica and onshore UK, after leaving […]
United warns of impact if £1m fundraise is rejected
United Oil & Gas plc today warned its business could be hindered if shareholders’ opposed yesterday’s £1 million fundraise. The placing to raise the funds is conditional on, among other things, shareholders’ approval at the general meeting on 15 March. “Failure to secure the funds could hamper the company’s business and impact on its exploration […]
Baron Oil raises £3m for Chuditch appraisal
Baron Oil plc raised £3.26 million via a placing, subscription and retail offer of a total 6,528,023,360 new ordinary shares of 0.025p each in the company, at 0.05 pence per new ordinary share. DIRECTORS’ DEALINGS The oversubscribed placing and subscription conditionally raised net proceeds of £2.7m for 6bn new ordinary shares. Chief executive officer Andrew Yeo subscribed for 12m […]
Rockhopper issues 20m shares in warrant exercise
Rockhopper Exploration plc issued a total of 20,349,328 ordinary shares of £0.01 each pursuant to the final exercise of warrants issued as part of the capital raising in June 2022. A total 57,176,012 warrants were exercised prior to the expiry date of 31 December 2023 raising gross proceeds of approximately £5.146m since July 2022. The company issued 60,917,237 warrants to […]
Rockhopper issues 900,000 shares in warrant exercise
Rockhopper Exploration plc has issued a total 989,889 ordinary shares of 1 pence each from warrants issued as part of the fundraise in June 2022. The shares were issued on 6, 14, 21 and 28 September 2023 under the company’s existing block listing entitlement. As at 30 September 2023, Rockhopper’s issued ordinary share capital comprised 591,439,130 ordinary shares […]