Chariot Oil & Gas Announces Capital Raise

Chariot Oil & Gas (GB:CHAR) has released an update.

Chariot Oil & Gas has conditionally raised $6.4 million through a placing and subscription of new shares and is proposing an additional raise of up to $2 million via an Open Offer to existing shareholders. The funds from this fundraising effort will be used to enhance the Group’s working capital. Shareholders are given the chance to participate at the same issue price as the recent investors, with the General Meeting scheduled to take place on August 13, 2024, in London.

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