RNS Number : 4890S
17 March 2021
NOT FOR RELEASE, PUBLICATION OR DISTRIBUTION, DIRECTLY OR INDIRECTLY, IN OR INTO THE UNITED STATES, AUSTRALIA, CANADA, JAPAN, THE REPUBLIC OF SOUTH AFRICA OR ANY OTHER JURISDICTION WHERE TO DO SO WOULD CONSTITUTE A BREACH OF THE RELEVANT SECURITIES LAWS OF SUCH JURISDICTION . This Announcement does not constitute a prospectus or offering memorandum or an offer in respect of any securities and is not intended to provide the basis for any investment decision in respect of Jersey Oil & Gas plc or other evaluation of any securities of Jersey Oil & Gas plc or any other entity and should not be considered as a recommendation that any investor should subscribe for or purchase any such securities
By BFN News | 01:47 PM | Wednesday 17 March, 2021 Jersey Oil & Gas has announced its intention to undertake a fundraising of up to £15 million by way of a placing of, and a subscription by certain of the company s directors for, new ordinary shares.
In addition, the company intends to launch an offer to qualifying participants to raise up to a further £2 million at the issue price.
The placing will be effected by way of an accelerated bookbuild at a price of 165p per placing share.
A further announcement confirming the closing of the Bookbuild and the number of new Ordinary Shares to be issued pursuant to the Placing is expected to be made in due course.