RE: fundraise11 Feb 2021 08:00
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.