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Baron Oil ( (GB:SNDA) ) has shared an update.
Sunda Energy plc has announced a retail offer via the Winterflood Retail Access Platform to raise up to £230,000 through the issuance of new ordinary shares. The offer is open to both new and existing shareholders in the UK and is part of a broader fundraising effort that includes a separate subscription raising £240,000. The proceeds from these initiatives are intended to support the company’s operations, with the retail offer being conditional upon the completion of the subscription. This move is expected to enhance Sunda Energy’s financial position and potentially strengthen its market presence in the Southeast Asian gas sector.
More about Baron Oil
Sunda Energy plc is an AIM-quoted exploration and appraisal company focused on gas assets in Southeast Asia.
Average Trading Volume: 71,147,567
Technical Sentiment Signal: Sell
Current Market Cap: £7.22M
Find detailed analytics on SNDA stock on TipRanks’ Stock Analysis page.