16th Jun 2022 15:37
Rockhopper Exploration PLC - Salisbury, England-based oil & gas exploration and production company - Raises USD7.0 million, or GBP5.8 million, through a placing and subscription of 82.2 million units at a price of 7 pence each. The issue price represents a discount of 13% to the company's closing price on June 14. Company says the placing was oversubscribed. Funds raised will be used to extend the company's working capital beyond 12 months.
Current stock price: 7.20 pence, down 9.6% on Thursday in London
12-month change: down 28%
By Heather Rydings; [email protected]
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