Petro Matad (GB:MATD) has released an update.
Petro Matad Limited, the Mongolian oil exploration firm, has successfully completed a significantly oversubscribed Retail Offer, resulting in the issuance of 20,000,000 new Ordinary Shares at 2.0 pence each. Shareholders were allocated about 31.5% of their soft pre-emptive allowance. The new shares, together with the Subscription Shares, will be admitted for trading on AIM, bringing the total issued share capital to 1,483,883,601 Ordinary Shares.
For further insights into GB:MATD stock, check out TipRanks’ Stock Analysis page.
