22nd Nov 2019 18:26
(Alliance News) - UK Oil & Gas PLC said Friday it has received a notice from Riverfort Global Opportunities PCC Ltd and YA II PN Ltd to convert GBP150,000 of a GBP5.5 million loan into company shares.
The oil & gas firm has issued 16.0 million shares to the investors, following which the loan's balance has dropped to GBP3.9 million.
Following the issue, UK Oil & Gas now has 6.72 billion shares issued overall.
The stock closed 0.5% lower at 1.02 pence on Friday in London.
By Dayo Laniyan; [email protected]
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