Angus Energy PLC - UK-focused onshore oil and gas development company - Raises GBP1.5 million through placing of 150.0 million shares at a price of 1.0 pence each, the proceeds of which will go towards advancing the company's assets and working capital purposes.
Following issue, Angus will have 916.5 million shares issued overall.
"We are grateful to investors new and old for showing this vote of confidence in Angus as it continues its evolution into a more broadly grounded Energy Transition company. We will be following with a comprehensive presentation to shareholders on the strategy, prospects and opportunities of the company during the course of February and an investor call in the days following," said Chief Executive Officer George Lucan.
Current stock price: 1.11 pence, down 18% on Wednesday
Year-to-date change: up 24%
By Dayo Laniyan; dayolaniyan@alliancenews.com
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Angus Energy (ANGS)