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Bahamas Petroleum Raises Almost GBP7 Million Through Open Offer

Mon, 04th Nov 2019 18:02

(Alliance News) - Bahamas Petroleum Co PLC said Monday it has raised GBP6.8 million through an open offer.

The oil & gas exploration company said it received applications from qualifying shareholders for a total of 166 million shares under the open offer, representing 49% take-up by existing shareholders.

The shares will be issued at a price of 2 pence each and are expected to be admitted to London's AIM Market on Tuesday next week.

Bahamas Petroleum shares closed 4.5% higher in London at 2.20p each on Monday.

By Loreta Juodagalvyte; loretajuodagalvyte@alliancenews.com

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BPC.L Share News (BPC)

Bahamas Petroleum Raises Almost GBP7 Million Through Open Offer

IN BRIEF: Bahamas Petroleum Notes Application To Review Well Approval

IN BRIEF: Bahamas Petroleum Notes Reports On Court Action Over Well

UK EXECUTIVE CHANGE SUMMARY: Nuformix And Sterling Energy Tap New CEOs

IN BRIEF: Bahamas Petroleum To Sets Out Production Aims For 2021

UK TRADING UPDATE SUMMARY: UK Oil & Gas Planning Consent Refused

Covid-19 measures add costs to Bahamas Petroleum well

IN BRIEF: Bahamas Petroleum To Spud Perseverance Well By End Of 2020

Bahamas Petroleum progresses preparations for Perseverance 1 drilling

IN BRIEF: Bahamas Petroleum Agrees Revised Date For Note Subscription

IN BRIEF: Bahamas Petroleum Extends Goudron Contract With Heritage

Bahamas Petroleum down on Trinidad developments

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