RE: RNS18 Feb 2021 14:21
The Company confirms that it was in discussions with its shareholders, funding partners and prospective and new investors in connection with a possible equity fundraising, including via a placing, and investment opportunity in an existing discovery in Nigeria. The Company further confirms that it has terminated the discussions in respect of the placing but remains in discussion with one of its funding partners and certain other potential investors in respect of a possible subscription ("Fundraise"). The Directors expect that, should the Fundraise proceed, for which there can be no certainty, the Fundraise will likely be concluded at a premium to the current share price