RE: sp down11 Dec 2020 10:00
The fund raisers like a small quick profit and UNTIL the overhang of all the shares below are passed on this will Stay low, could be April next year if the buying is slow. See Below over 4 billion shares to move on.
Union Jack Oil plc (AIM: UJO), a UK-focused onshore hydrocarbon production, development and exploration company, is pleased to announce that it has raised £7 million by way of an oversubscribed placing and subscription of 4,375,000,000 new ordinary shares of 0.025p each ("New Ordinary Shares") at a price of 0.16p per New Ordinary Share (the "Fundraising").