IN BRIEF: Petro Matad plans placing to raise USD10 million

Wed, 14th Jul 2021 18:06

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

Related Shares

More News

25 Apr 2024 20:57

TRADING UPDATES: Norcros sells Johnson Tiles UK; Trifast trading well

(Alliance News) - The following is a round-up of updates by London-listed companies, issued on Thursday and not separately reported by Alliance News:

25 Apr 2024 09:52

Petro Matad still working to secure Mongolia approvals

(Sharecast News) - Mongolia-focussed oil company Petro Matad said in an update on Thursday that it was actively engaged with local government agencies...

19 Dec 2023 12:10

Petro Matad shares jump as says "almost there" with Mongolia sign-off

(Alliance News) - Petro Matad Ltd on Tuesday said that a "slow bureaucratic process" to complete a special land purpose certification has caused delay...

28 Sep 2023 11:49

Petro Matad first half loss widens as projects hit delays

(Alliance News) - Petro Matad Ltd on Thursday said its loss widened in the first half as it looks to progress with its exploration projects.

10 Jul 2023 10:26

AIM WINNERS & LOSERS: Helium One surges on rig purchase for Rukwa

(Alliance News) - The following stocks are the leading risers and fallers on AIM in London on Monday.