Mosman Oil & Gas Ltd - Australia and US-focused oil and gas explorer - Raises GBP900,000 via placing 720 million new ordinary shares at 0.125 pence per share. Proceeds to be used to fund the drilling of Galaxie well and for installing production facilities at Falcon-1 well. Both Galaxie well and Falcon-1 well are in the Champion project, Texas.
Current stock price: 0.14 pence, down 24% on Tuesday
Year-to-date change: down 39%
By Tapan Panchal; tapanpanchal@alliancenews.com
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