Petro Matad announces results of fundraise
16 Jul 2021
Petro Matad, the AIM quoted Mongolian oil company, has announced that following the accelerated bookbuild which was announced on 14 July 2021, the Company has conditionally raised gross proceeds of US$ 9.7 million through the oversubscribed placing of, and subscriptions by a director and shareholder of the Company for, 200,624,830 new Ordinary Shares at a price of 3.5p per share.
The Company has also announced that, following the further announcement made yesterday regarding the launch of a proposed retail offering via PrimaryBid, it has successfully conditionally placed 14,285,714 new Ordinary Shares at the Placing Price, raising gross proceeds of approx. US$0.7 million.
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THIS ANNOUNCEMENT CONTAINS INSIDE INFORMATION FOR THE PURPOSES OF THE UK VERSION OF THE MARKET ABUSE REGULATION (EU NO. 596/2014) AS IT FORMS PART OF UK LAW BY VIRTUE OF THE EUROPEAN UNION (WITHDRAWAL) ACT 2018 ( UK MAR ) AND THE SOUTH AFRICAN FINANCIAL MARKETS ACT 19 2012. THIS ANNOUNCEMENT (INCLUDING THE APPENDIX) AND THE INFORMATION CONTAINED HEREIN IS RESTRICTED AND IS NOT FOR RELEASE, PUBLICATION OR DISTRIBUTION, IN WHOLE OR IN PART, DIRECTLY OR INDIRECTLY, IN, INTO OR FROM THE UNITED STATES, CANADA, JAPAN, NEW ZEALAND, OR ANY OTHER JURISDICTION IN WHICH SUCH RELEASE, PUBLICATION OR DISTRIBUTION WOULD BE UNLAWFUL. THE INFORMATION CONTAINED IN THIS ANNOUNCEMENT DOES NOT CONSTITUTE AN OFFERING OF SECURITIES FOR SALE IN THE UNITED STATES OF AMERICA AND NO SECURITIES HAVE BEEN OR WILL BE REGISTERED UNDER THE UNITED STATES SECURITIES ACT 1933, AS AMENDED OR UNDER THE SECURITIES LAWS OF ANY STATE OR OTHER JURISDICTION IN THE UNITED STATES OF