Petro Matad (GB:MATD) has released an update.
Petro Matad Limited has announced a retail offer of 20 million shares, aiming to raise £400,000 through a BookBuild process, with an issue price set at 2.0 pence per share. The offer is exclusive to UK retail shareholders and is part of a broader capital raising initiative that includes a placing and subscriptions at the same issue price. The retail shares will be admitted to trading on the AIM market of the London Stock Exchange with expected admission on 3rd July 2024.
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