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UK: Orcadian Energy announces proposed placing to raise approx. GBP 0.5m

AIM-listed Orcadian Energy has announced its intention to raise gross proceeds of approx. £0.5 million by means of a placing of new Ordinary Shares to certain institutional and other investors. Net proceeds will be applied to fund progress towards the Pilot Licence Field Development Plan, Licence fees and or general working capital purposes. ....

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