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Petro Matad Ltd - Mongolia-based oil exploration company - Says it intends to undertake a fundraising of approximately USD10 million via a placing, a subscription and an offer on the PrimaryBid platform at a price of 3.5 pence each. Chief Executive Mike Buck has indicated his intention to subscribe for new shares representing up to USD100,000 at the placing price pursuant to the subscription.
Current stock price: 5.36p
Year-to-date change: up 26%
By Arvind Bhunjun; arvindbhunjun@alliancenews.com
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