£1.5m income from Wressle will take months even with a good flow, if there is an outstanding investment opportunity requiring cash in the near future, a CR seems eminently sensible rather than miss out on that oppo.
Europa Oil & Gas (Holdings) plc, the AIM quoted UK , Ireland and Morocco focused oil and gas exploration, development and production company, is pleased to announce that it has conditionally raised a total of £1.5 million (before expenses), through the issue of a total of 115,384,616 new ordinary shares in the Company (the "Placing Shares") at a price of 1.3 pence per Placing Share (the "Placing Price") (the "Placing") via a proposed placing by Turner Pope Investments (TPI) Limited ("Turner Pope/TPI").
EOG has also granted Turner Pope a broker option to conditionally raise up to a further £500,000 (before expenses) (the "Broker Option") through the issue of up to 38,461,538 new ordinary shares in the Company. The Broker Option provides the opportunity for interested shareholders to participate in the Placing at the Placing Price. To participate in the Broker Option, qualifying investors should communicate their interest to Turner Pope directly in the first instance or alternatively via their independent financial adviser, stockbroker or other firm authorised by the Financial Conduct Authority. Turner Pope should be contacted on 020 3657 0050.
Ascent Resources Plc (LON: AST), the onshore Caribbean, Hispanic American and European focused energy and natural resources company, is pleased to announce the addition of an ESG Metals Strategy alongside its current resource focus and that it has raised £1 million before expenses by way of an oversubscribed subscription and placing of 9,997,032 ordinary shares of 0.5 pence each ("Ordinary Shares") at 10.1 pence per Ordinary Share (the "Issue Price") (the "Placing Shares") (the "Placing").
The Placing funds have been raised in support of the Company continuing to pursue its special situations growth strategy and in particular advancing towards its maiden transaction in the ESG metals sector.