RNS Placing2 May 2018 08:34
Rose Petroleum plc (AIM: ROSE), the AIM quoted natural resources business, is pleased to announce that the Company has raised £1 million, before expenses, through the issue of new ordinary shares of 0.1 p each in the Company ("Ordinary Shares") at a price of 3.25p per Ordinary Share, with warrants attached, to a range of new and existing investors (the "Placing"). Of the funds raised, £633,920 is conditional, inter alia, on the approval of shareholders at a General Meeting of resolutions to provide authority to the Directors to issue and allot further new ordinary shares otherwise than on a non-pre-emptive basis, further details of which are set out below.