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UK Oil & Gas Investments PLC announces issue of shares


Friday, 25 Jul 2014 02:00am EDT 

UK Oil & Gas Investments PLC:Company has raised 2,000,000 Pound before expenses by way of Company arranged placing of 200,000,000 new ordinary shares of 0.01pence each.Says placing price of 1 pence per Placing Share to institutional and other investors.Proceeds of placing will be used to make further investments in accordance with Company's investing policy and provide further working capital.Following completion of placing will no longer elect to issue consideration shares but will satisfy consideration wholly in cash.Trading on AIM and such admission is expected to occur on or around Aug. 1. 

Company Quote

1.0
0.125 +14.29%
20 Oct 2014