20th Jul 2018 10:10
LONDON (Alliance News) - Bahamas Petroleum Co PLC on Friday said it issued 2.6 million shares following the exercise of share warrants granted in conjunction with a recent placing.
Back in May, the oil & gas exploration company launched a subscription to raise GBP1.1 million. At the time, Bahamas Petroleum placed 44.0 million shares at a price of 2.50 pence each.
The stock was trading 2.6% higher on Friday at 5.23p per share.
Following the admission, the company said it will have 1.57 billion shares in issue overall.
Related Shares:
BPC.L