UJO have done it17 Sep 2020 13:45
The Placing and Subscription
The Company has raised £7 million before expenses by way of a placing and subscription of 4,375,000,000 New Ordinary Shares of 0.025p each at a price of 0.16p per New Ordinary Share. The Fundraising comprises a Placing of 4,127,187,500 New Ordinary Shares and a Subscription of 247,812,500 New Ordinary Shares. SP Angel Corporate Finance LLP acted as sole broker on the Placing.
Reckon SS is waiting to do workover of HH-1 to get the bopd figures up so he can get the placing away at a better SP than it is now.