RE: Re Truss or not5 Sep 2022 17:16
27 July 2022
UK Oil & Gas PLC
("UKOG" or the "Company")
Successful Placing
UK Oil & Gas PLC (London AIM: UKOG) is pleased to announce that it has successfully raised gross proceeds of £1.25 million by means of a placing (the "Placing") of new Ordinary Shares (the "Placing Shares") at a price of 0.0875 pence per share (the "Placing Price").
The Placing Price represents a discount of approximately 27 per cent to the Closing Price of 0.12 pence per Ordinary Share on 26 July 2022, being the latest practicable business day prior to the publication of this Announcement.
so we have cash