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Share Price: 0.0725

Bid: 0.07

Ask: 0.075

Change: 0.001 (1.43%)

Spread: 0.005 (7.143%)

Open: 0.07

High: 0.071

Low: 0.071

Prev. Close: 0.07

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Baron Oil raises £3.26m through placing, subscription and retail offer

Fri, 16th Feb 2024 13:18

(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.

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