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Jersey Oil and Gas PLC plans fundraising to maintain momentum at Greater Buchan Area project proactiveinvestors.co.uk - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from proactiveinvestors.co.uk Daily Mail and Mail on Sunday newspapers.
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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. ....