EOG JV10 Feb 2026 07:53
Placing for JV share of drill out of the way..... 1.2p. 20% discount , warrants 1 for 4
Just need Gov approvals
gross proceeds of approximately £3.5m, before expenses, through the conditional placing of 291,667,000
Admission will take place at or around 8.00 a.m. (London time) on 3 March 2026 (or such later date as may be agreed between the Company and Tennyson) but in any event not later than 8.00 a.m. on 31 March 2026.
Broker Warrants
Investors in the Fundraising will receive one warrant for every four Placing Shares ("Warrant"). The Warrants have an exercise price of 2 pence and will expire 2 years after the date of the Placing Shares' admission to trading on AIM.(~ 7,291,6750)
10,208,345 broker warrants are proposed to be granted to Tennyson Securities, exercisable at the Issue Price with a three-year expiry.