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Borders & Southern Petroleum ( (GB:BOR) ) has shared an announcement.
Borders & Southern Petroleum announced that all resolutions were passed at their recent General Meeting, including the authority to allot relevant securities and the disapplication of shareholder pre-emption rights. The company has applied for the admission of 46,315,789 new shares to trading on AIM, expected to occur around 24 March 2025, which will increase the total issued share capital to 877,630,245 Ordinary Shares. This move could enhance the company’s financial flexibility and potentially strengthen its market position.
More about Borders & Southern Petroleum
Borders & Southern Petroleum plc is an independent oil and gas exploration company listed on the London Stock Exchange AIM (BOR). The company operates with a 100% interest in three Production Licences in the South Falkland Basin, covering nearly 10,000 square kilometers. It has acquired 2,517 square kilometers of 3D seismic data and drilled two exploration wells, making a significant gas condensate discovery with its first well.
YTD Price Performance: 130.86%
Average Trading Volume: 2,995,640
Technical Sentiment Consensus Rating: Sell
Current Market Cap: £40.24M
See more insights into BOR stock on TipRanks’ Stock Analysis page.