News Column

Baron Oil Raises GBP3 Million Through Share Placing

August 12, 2014

Anthony Tshibangu

LONDON (Alliance News) - Baron Oil PLC Tuesday said it has raised GBP3 million by placing 206.9 million new shares at a price of 1.45 pence per share, funds it will use for general working capital purposes.

The placing shares will represent around 15.0% of the company's enlarged issued share capital. It will have 1.3 million shares in issue after the placing.

The stock closed down 5.6% at 1.70 pence Tuesday.

For more stories on investments and markets, please see HispanicBusiness' Finance Channel

Source: Alliance News

Story Tools Facebook Linkedin Twitter RSS Feed Email Alerts & Newsletters