13th Jan 2020 16:18
(Alliance News) - UK Oil & Gas PLC on Monday said it has received a notice to convert GBP250,000 of a loan from its investors Riverfort Global Opportunities PCC Ltd and YA II PN Ltd.
The AIM-listed company said it has allotted 35.0 million shares to investors. After this conversion, the loan's balance has reduced to GBP3.4 million from GBP3.6 million.
UK Oil & Gas now has 7.36 billion shares issued overall.
Shares in UK Oil & Gas - which is headquartered in London - were 2.1% lower at 0.81 pence each on Monday.
By Evelina Grecenko; [email protected]
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