By Devika Patel
Knoxville, Tenn., April 19 - Europa Oil & Gas (Holdings) plc said it conditionally raised £1 million in a private placement of shares,
The company will sell 7,142,857 ordinary shares at 14p each.
Astaire Securities plc is the broker.
Proceeds will be used for U.K. production enhancement work and the forthcoming Voitinel test.
Based in London, Europa is an oil and gas exploration, development and production company.
| Issuer: | Europa Oil & Gas (Holdings) plc
|
| Issue: | Ordinary shares
|
| Amount: | £1 million
|
| Shares: | 7,142,857
|
| Price: | 14p
|
| Warrants: | No
|
| Broker: | Astaire Securities plc
|
| Pricing date: | April 19
|
| Stock symbol: | London: EOG
|
| Stock price: | 14.83p at close April 19
|
| Market capitalization: | £12 million
|
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