14th Jul 2020 20:20
Upland Resources Ltd - the oil & gas company - Raises GBP470,000 before expenses via a placing and subscription. The funds will be used to progress technical and commercial workstreams relating to the company's projects in Tunisia and South East Asia and for general working capital purposes. Upland Resources will issue 67.1 million new shares at 0.7 pence each. In addition, 33.6 million warrants will be issued as part of the placing and subscription. Each warrant will be exercisable into 1 new share in the company at an exercise price of 1.3p.
Current stock price: 0.76 pence
Year-to-date change: down 44%
By Evelina Grecenko; [email protected]
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