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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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