24th Jun 2015 08:17
LONDON (Alliance News) - Mediterranean-focused oil and gas company Sound Oil PLC on Wednesday said it received valid acceptances for 15.6 million shares under its open offer.
The number is slightly lower than the 18.2 million the company said it would issue, at 19 pence per share, when it detailed the open offer in May. It was seeking to raise a total of GBP3.5 million in the offer.
The issue of the shares means it has raised a total of approximately GBP3 million.
Shares in Sound Oil were up 0.4% to 17.70 pence on Wednesday.
By Sam Unsted; [email protected]; @SamUAtAlliance
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