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Investegate |Zephyr Energy PLC Announcements | Zephyr Energy PLC: Board approval to proceed with State 16-2 lateral
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Predator announces placing to raise GBP 1.785 million
15 Mar 2021
Predator Oil & Gas Holdings has conditionally placed 17 million new ordinary shares of no par value in the Company at a placing price of 10.5 pence each to raise
£1,785,000 (before expenses).
The Placing was significantly oversubscribed and utilises much of the Company s existing headroom shares under the Financial Conduct Authority restrictions for companies on the Official List (standard listing segment) of the London Stock Exchange s main market for listed securities.
Novum Securities are acting as sole placing agents to the Company.
Use of Proceeds
During the past 12 months of COVID-19, the Company has been able to focus on successfully developing its projects to a stage where substantive operational progress has been made and results achieved. Additional business development opportunities have been created as the direct result of the progress made during this period.