12th Aug 2014 16:23
LONDON (Alliance News) - Baron Oil PLC Tuesday said it has raised GBP3 million by placing 206.9 million new shares at a price of 1.45 pence per share, funds it will use for general working capital purposes.
The placing shares will represent around 15.0% of the company's enlarged issued share capital. It will have 1.3 million shares in issue after the placing.
The stock closed down 5.6% at 1.70 pence Tuesday.
By Anthony Tshibangu; [email protected]; @AnthonyAllNews
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