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Result of Placing and Open Offer and TVR Highlights: · Open Offer closed with c.38.15% take-up from existing shareholders raising gross proceeds of £2.63 million (US$3.72 million) through the issue of 750,289,637 ordinary shares at a price of 0.35p each ( Open Offer Shares ). · Successful Placing to raise additional gross proceeds of £4.26 million (US$6 million) through the further issue of 1,216,599,935 ordinary shares at a price of 0.35p each ( Placing Shares ). · Aggregate gross proceeds of £6.9 million (US$9.75 million) from Open Offer and Placing. Placing Summary: Bahamas Petroleum, the Caribbean and Atlantic margin focused oil and gas company, with production, appraisal, development and onshore and offshore exploration assets across the region,
SurinameTrinidad-and-tobagoUnited-kingdomLondonCity-ofBahamasTheTrinidadSimon-potterPaul-weidmanToby-gibbsJon-fitzpatrick