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United Oil & Gas Plc Secures Shareholder Approval for Fundraising

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United Oil & Gas Plc Secures Shareholder Approval for Fundraising

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United Oil & Gas Plc ( (GB:UOG) ) just unveiled an announcement.

United Oil & Gas Plc announced the successful passing of all resolutions at its Annual General Meeting, enabling the issuance of 444,444,444 new ordinary shares to raise £800,000. This fundraising effort will support the company’s ongoing Jamaica farm-out process, aiming to secure a partner to unlock the value of its exploration asset, thereby strengthening its market position.

More about United Oil & Gas Plc

United Oil & Gas Plc is an oil and gas company with a development asset in the UK and a high-impact exploration license in Jamaica. The company is led by an experienced management team with a strong track record of growing full cycle businesses and is listed on the AIM market of the London Stock Exchange.

Average Trading Volume: 67,085,354

Technical Sentiment Signal: Sell

Current Market Cap: £3.31M

Find detailed analytics on UOG stock on TipRanks’ Stock Analysis page.

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