Nostra Terra Oil and Gas (GB:NTOG) has released an update.
Nostra Terra Oil and Gas Company Plc has successfully raised £450,000 through the issuance of nearly 1.5 billion new shares to fund a workover and ongoing development program at its main production asset, Pine Mills, with the aim to boost production and cash flow. The fundraising saw participation from institutional investors, company directors, and existing and new shareholders, with a commitment to improve operations and provide updates in the following months. The shares will be admitted for trading on the AIM market of the London Stock Exchange, reflecting the company’s strategic efforts to fortify its financial standing and operational capabilities.
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