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