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IN BRIEF: TomCo Energy Raises GBP1.5 Million To Fund Oil Sands Project

2nd Jul 2020 12:44

TomCo Energy PLC - London-based fund manager - Raises GBP1.5 million through placing of 375 million shares at 0.4 pence each. New cash will be used to pursue the development of an oil sands plant at Asphalt Ridge, Utah. Following admission, TomCo will have 650.8 million shares in issue.

Current stock price: 0.45p

Year-to-date change: down 34%

By Ife Taiwo; [email protected]

Copyright 2020 Alliance News Limited. All Rights Reserved.


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Tomco Energy
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