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and   Petro Matad Limited (AIM: Matad) ( Petro Matad , the Company ), t he AIM quoted Mongolian oil company , is pleased to announce the launch of an Open Offer to raise up to approximately US$2 million. Open Offer On 15 July 2021, the Company announced that it had conditionally raised approximately US$10.4 (before expenses) from the following sources: • a firm placing of 155,240,612 Placing Shares at the Issue Price to existing and new institutional investors by way of an accelerated bookbuild conducted by the Joint Bookrunners on behalf of the Company to raise approximately US$7.5 million; • a firm placing of 14,285,714 Retail Shares at the Issue Price to existing and new retail investors to raise approximately US$0.7 million; and

City ofUnited kingdomUnited statesMike buckToby gibbs johnMatad petroEnkhmaa davaanyamShinezaya batboldCompany receiving agentShore capital stockbrokers limited nominated adviser brokerPetro matad limitedMinistry of environmentMeeting of the companyCompany nominated adviserFundraising the companyMinistry of mining