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The latest update is out from Borders & Southern Petroleum ( (GB:BOR) ).
Borders & Southern Petroleum plc has announced a fundraising initiative to raise approximately £2.2 million through a combination of placing, subscription, and retail offers. The funds will be used to cover various fees, studies, and expenses associated with advancing the company’s Darwin project towards appraisal of the Darwin discovery. The initiative involves issuing new ordinary shares at a discount and warrants to investors, subject to shareholder approval at an upcoming General Meeting.
More about Borders & Southern Petroleum
Borders & Southern Petroleum plc is an independent oil and gas company based in London, focusing on assets located offshore of the Falkland Islands.
YTD Price Performance: 120.72%
Average Trading Volume: 2,913,264
Technical Sentiment Consensus Rating: Sell
Current Market Cap: £41.57M
See more data about BOR stock on TipRanks’ Stock Analysis page.