Prospex Oil and Gas (GB:PXEN) has released an update.
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Prospex Energy PLC has launched a retail offer to raise up to £500,000 by issuing new ordinary shares at 6 pence each, with the potential to increase the offer based on demand. The funds are earmarked for increasing the company’s investment in HEYCO Energy Iberia. The offer is available exclusively to UK-based existing shareholders, with trading of the new shares expected to commence on the AIM market of the London Stock Exchange in August 2024.
For further insights into GB:PXEN stock, check out TipRanks’ Stock Analysis page.