IN BRIEF: Union Jack Oil offers bonus warrant issue after fundraise
Union Jack Oil PLC - onshore exploration, development and production in the UK and US - Calls general meeting for October 30 for shareholders to approve the issue of warrants as part of its equity raise announced back in July. At the time, Union Jack raised GBP2 million in a placing and subscription of 40.0 million shares at 5 pence apiece. Each new share came with a warrant attached that is exercisable at 8p over the next two years. The fresh equity will be used to fund a USD3.0 million three-well drilling programme in Oklahoma. Read More