Chariot Oil & Gas (GB:CHAR) has released an update.
Claim 50% Off TipRanks Premium and Invest with Confidence
- Unlock hedge-fund level data and powerful investing tools designed to help you make smarter, sharper decisions
- Stay ahead of the market with the latest news and analysis so your portfolio is always positioned for maximum potential
Chariot Oil & Gas successfully conducted a General Meeting which resulted in shareholder approval for a significant fundraising effort, totaling US$9 million through the issuance of new ordinary shares. The acquired funds are earmarked for enhancing the company’s balance sheet, pursuing a new venture with considerable potential, and advancing commercial gas plans in Morocco. The company’s shares, post-fundraising, will be admitted for trading on the AIM market.
For further insights into GB:CHAR stock, check out TipRanks’ Stock Analysis page.