Business
£3,000,000 Fundraising
£3,000,000 Fundraising.
About this update from Angus Energy Plc
[{"type":"text","content":"\n \nRNS Number : 3929X Angus Energy PLC 23 November 2017 \n\nTHIS ANNOUNCEMENT CONTAINS INSIDE INFORMATION FOR THE PURPOSES OF ARTICLE 7 OF THE MARKET ABUSE REGULATION EU 596/2014 (\"MAR\"). IN ADDITION, MARKET SOUNDINGS (AS DEFINED IN MAR) WERE TAKEN IN RESPECT OF THE MATTERS CONTAINED IN THIS ANNOUNCEMENT, WITH THE RESULT THAT CERTAIN PERSONS BECAME AWARE OF SUCH INSIDE INFORMATION AS PERMITTED BY MAR. THAT INSIDE INFORMATION IS SET OUT IN THIS ANNOUNCEMENT AND HAS BEEN DISCLOSED AS SOON AS POSSIBLE IN ACCORDANCE WITH PARAGRAPH 7 OF ARTICLE 17 OF MAR. UPON THE PUBLICATION OF THIS ANNOUNCEMENT, THE INSIDE INFORMATION IS NOW CONSIDERED TO BE IN THE PUBLIC DOMAIN AND SUCH PERSONS SHALL THEREFORE CEASE TO BE IN POSSESSION OF INSIDE INFORMATION IN RELATION TO THE COMPANY AND ITS SECURITIES. \n23 November 2017\nAngus Energy plc\n(\"Angus Energy\", the \"Group\" or the \"Company\")\n£3,000,000 Fundraising\n \nAngus Energy Plc, a conventional oil and gas production and development company, is pleased to announce it has successfully raised £3,000,000 (gross) by means of a private placement (the \"Placing\") with institutional and private investors.\n \nThe Placing \nThe Company has raised gross proceeds of £3,000,000 by the issuance of 23,076,924 new ordinary shares of £0.002 each in its share capital (the \"Placing Shares\") through its broker, Optiva Securities Limited. \n \nHighlights:\n· The Placing raised gross proceeds of £3,000,000 at a price of 13p per Placing Share (the \"Placing Price\"), conditional only on Admission. The Placing Price represents a discount of 14.8% to the closing mid-market price on 22 November 2017. \n· Additionally, the Company is issuing 769,231 new ordinary shares of £0.002 each in its share capital at the Placing Price to satisfy certain contractors' fees (\"Fee Shares\"). \n· The Placing Shares and the Fee Shares have been allotted and an application for their admission to trading on AIM (\"Admission\") has been made with Admission expected to take place on or around 30 November 2017. The Placing Shares and the Fee Shares will rank pari passu with the Company's existing ordinary shares in issue\n· The number of ordinary shares in issue immediately after Admission will be 264,304,...