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.
Predator Oil & Gas Holdings PLC (LSE:PRD) | RNS | Predator O&G Hldgs - Placing to raise £1 785 million
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