4th Jul 2022 13:35
Angus Energy PLC - London-based oil & gas development company focused on UK assets - Raises GBP2 million via a subscription of 182.0 million shares, at 1.10 pence each, to a group of family offices and private investors led by Aleph International Holdings (UK) Ltd.
Also, the company says that subscription agreements have been signed for remaining GBP1 million via a subscription of 91.0 million shares at the same price.
Back in May, Angus Energy said the fundraise would support its acquisition of its current joint venture partner Saltfleetby Energy Ltd for up to GBP14.1 million.
Current stock price: 1.33 pence, up 2.3% in London on Monday
12-month change: up 40%
By Sophie Rose; [email protected]
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