UKOG27 Mar 2019 07:31
Well they've raised £3.5m, I wonder how the market will take this news
UK Oil & Gas PLC (London AIM: UKOG) is pleased to announce that it has raised £3,500,000 through a placing ("Placing") of 333,333,330 new ordinary shares ("Placing Shares") in the capital of the Company. The Placing is being made at an issue price of 1.05 pence per share ("Placing Price"), representing approximately 12.5% discount to closing price of the Company's ordinary shares on the business day prior to this announcement.