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(Sharecast News) - Baron Oil announced on Friday that it had raised a total of £3.26m through a fundraise.
The AIM-traded company said it raised £0.26m through the WRAP retail offer, in addition to the earlier disclosed placing and subscription.
That brought the total gross proceeds generated for Baron Oil to £3.26m, combining the placing and subscription of 6,000,000,000 placing and subscription shares with the 528,023,360 WRAP retail offer shares.
At 1259 GMT, shares in Baron Oil were down 28% at 0.05p.
Reporting by Josh White for Sharecast.com.
