Latest Share Chat

Leni Gas & Oil Raises GBP697,379 As Investors Exercise Warrants

Mon, 07th Jul 2014 17:46

LONDON (Alliance News) - Leni Gas & Oil PLC Monday said that two investors have said they will exercise warrants allowing them to subscribe for 57.5 million new shares in the company, providing the company with GBP697,379.

Dutchess Opportunity Cayman Fund Ltd has exercised its remaining rights by buying 3.2 million shares in the company at 2 pence each, while YA Global Master SPV Ltd is buying 54.3 million shares at an average price of 1.167 pence.

Leni Gas & Oil said it expects the new shares to begin trading on AIM Friday this week.

By Samuel Agini; samagini@alliancenews.com; @samuelagini

Related Shares

More News

13 Feb 2017 09:48

LGO clearing trees ahead of Goudron drilling

(ShareCast News) - LGO Energy confirmed on Monday that final approval was granted by the Trinidadian Forestry Department on 10 February to cut trees i...

9 Feb 2017 13:13

LGO Energy reapplies to Spanish government for oil concession

(ShareCast News) - Oil and gas firm LGO Energy has reapplied to the Spanish government to extend its concession in the country, after it was denied an...

30 Jan 2017 13:25

LGO Energy to re-apply for extension of Spain oil concession

(ShareCast News) - LGO Energy is "disappointed" on learning the Spanish government has not approved the extension of its concession in the country and...

24 Jan 2017 16:06

LGO Energy busy in Trinidad

(ShareCast News) - LGO Energy provided an operational update on Tuesday, including plans for production drilling and enhanced oil recovery at the Goud...

21 Dec 2016 13:50

LGO Energy looking at busy year of operations

(ShareCast News) - LGO Energy updated the market on its corporate plans for the first quarter of 2017 on Wednesday, saying its recent loan refinancing...