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Borders & Southern Petroleum Announces Warrant Exercise and Share Capital Update

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Borders & Southern Petroleum ( (GB:BOR) ) just unveiled an update.

Borders & Southern Petroleum announced the exercise of warrants for 500,000 new ordinary shares at an exercise price of 1.5 pence per share, totaling £7,500. Following this transaction, the company’s total issued share capital will consist of 878,130,245 ordinary shares with voting rights, impacting shareholder calculations under FCA’s rules.

More about Borders & Southern Petroleum

Borders & Southern Petroleum plc is an independent oil and gas exploration company based in London, listed on the AIM of the London Stock Exchange. The company focuses on appraisal and exploration assets offshore the Falkland Islands, holding a 100% interest in three production licenses in the South Falkland Basin. It has conducted significant exploration activities, including acquiring 3D seismic data and drilling wells, resulting in a notable gas condensate discovery.

Average Trading Volume: 1,575,481

Technical Sentiment Signal: Buy

Current Market Cap: £61.43M

See more insights into BOR stock on TipRanks’ Stock Analysis page.

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