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Plenty of 5 and 10 mil buys being taken at these levels ;-)
Filling Mr 5 mil mega order
5 Mil Block Buyer back in the market this morning
I was going to subscribe but managed to get in at lower price during the day, perhaps this is what others did.
16 November 2022
Baron Oil Plc
("Baron Oil", "Baron" or the "Company")
Results of REX Retail Offer
Result of Fundraise
and
Total Voting Rights
Baron Oil (AIM: BOIL), the AIM-quoted oil and gas exploration and appraisal company, is pleased to confirm, further to the announcements made on 15 November 2022, the completion of its Fundraise at the Issue Price of 0.12 pence per share. The Company announces that it has raised aggregate gross proceeds of approximately GBP0.36 million pursuant to the REX Retail Offer, alongside the previously announced Placing and Subscription. Accordingly, the Company will issue a total of 302,856,299 new Ordinary Shares at the Issue Price pursuant to the REX Retail Offer.
In total, the Placing and Subscription and the REX Retail Offer have raised gross proceeds of approximately GBP5.36 million for the Company, via the Placing and Subscription of 4,166,666,667 Placing and Subscription Shares and the 302,856,299 REX Retail Shares to be issued pursuant to the REX Retail Offer.
Andy Yeo, CEO of Baron, commented:
"Baron greatly values its retail shareholder base and believes that, given the size of the main Placing and Subscription which was announced yesterday conditionally raising GBP5 million gross for the Company, it was appropriate to provide our existing retail shareholders with the opportunity to participate on the same terms via the REX Retail Offer. This has provided additional funds of approximately GBP0. 36 million for Baron as we move into 2023."
Admission and Total Voting Rights
Application has been made for the Placing and Subscription Shares and the REX Retail Shares to be admitted to trading on AIM ("Admission") and the date on which Admission is expected to become effective is on or around 29 November 2022.
Upon Admission, the Company's issued ordinary share capital will consist of 18,920,260,428 Ordinary Shares with one voting right each. The Company does not hold any Ordinary Shares in treasury. Therefore, from Admission the total number of Ordinary Shares and voting rights in the Company will be 18,920,260,428 . With effect from Admission, this figure may be used by Shareholders in the Company as the denominator for the calculations by which they will determine if they are required to notify their interest in, or a change to their interest in, the Company under the FCA's Disclosure Guidance and Transparency Rules.
Huge trades just printed taking the volume to 4.7bil!!!
just topped up at less than the offer...happy days :-)
20 mil buyer just keeps loading up :-)
Well if it doesn't drop to the placing price today I'll be taking up the offer
Baron Oil (AIM: BOIL), the AIM-quoted oil and gas exploration and appraisal company, announces that it has conditionally raised GBP 5 million (before expenses) by way of a placing and subscription ( the " Placing and Subscription ") of a total of 4,166,666,667 new ordinary shares of 0.025p each in the Company ("Ordinary Shares") at a price of 0.12 pence per new Ordinary Share (the "Issue Price"). Allenby Capital Limited (" Allenby Capital ") is acting as broker in connection with the Placing and Subscription, which was oversubscribed.
In addition to the Placing and Subscription, it is proposed that there will be a separate conditional retail offer to existing shareholders via REX to raise up to approximately GBP1 million (before expenses) at the Issue Price (the " REX Retail Offer ", and together with the Placing and Subscription, the "Fundraise"), to provide existing retail shareholders in the Company an opportunity to participate in the Fundraise. A separate announcement will be made shortly by the Company regarding the REX Retail Offer and its terms. Those investors who subscribe for new Ordinary Shares pursuant to the REX Retail Offer (the "REX Retail Shares") will do so pursuant to the terms and conditions of the REX Retail Offer contained in that announcement.
The Company is pleased to announce the appointment of Keith Bush, the former Chief Executive Officer of Cabot Energy Plc (previously known as Northern Petroleum Plc), as an independent non-executive director, further details of which can be found below.
Nothing has changed with and it's just a case of being patient and not trying to trade the swings. I'm topping up at this level and will continue to do so, as in for the news that will inevitably land.
Appears by the SP that many holders are willing to wait and ride this out and see what happens imo
So STILL in discussion so a deal could still be on the cards.
The Board has noticed the high levels of trading activity and price volatility in the Company's shares in recent days, and wishes to inform the market that it is not aware of any reason for this heightened activity.
Chesterfield wishes to inform the market that as previously advised, the Company is currently in discussions with an unnamed third party which may or may not lead to a transaction being announced in the near future. These discussions have not yet concluded and the Company hopes to update the market on this matter in due course.
they get their news from listening to "the whispers" down the pub over the weekend
SP dropped to fill the 10mil buy and buyers straight in @ .20p and now back above .20p. Same old people slating the company for their own agenda to get in at a cheap price
Back in Belarus, via contanimation in Chernobyl (reported 10,000 vehicles passed through there)
Another increase in holdings from Tim Adams, interesting day ahead after yesterday’s slight pull back. Clearly people in the know are happy to buy.
Word on the grape vine is Retter is history :-)
What a stupid question
It wasn’t a delayed trade , after hours @ 16:32