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The latest update is out from Lansdowne Oil & Gas ( (GB:LOGP) ).
Lansdowne Oil & Gas has completed a fundraising at an issue price of 0.1 pence per share, securing £99,259 through a WRAP Retail Offer, alongside a previously announced placing. In total, the combined placing and retail offer have raised gross proceeds of £1,999,259, significantly expanding the company’s equity base through the issuance of nearly 2 billion new shares.
The new retail offer shares remain conditional on shareholder approval at the forthcoming annual general meeting, with admission expected in late May 2026. Following admission, Lansdowne’s issued share capital will rise to 2,638,982,667 ordinary shares, increasing liquidity and potentially diluting existing holdings but providing additional capital for its ongoing operations and strategic objectives.
More about Lansdowne Oil & Gas
Lansdowne Oil & Gas plc is an AIM-quoted exploration and production company focused on the oil and gas sector. The company is engaged in developing hydrocarbon assets and operates within the UK and Irish offshore markets, targeting upstream opportunities to build its resource and reserves base.
Technical Sentiment Signal: Strong Sell
Current Market Cap: £1.39M
For a thorough assessment of LOGP stock, go to TipRanks’ Stock Analysis page.