Business
Results of Capital Raise
Results of Capital Raise.
About this update from Petro Matad Limited
[{"type":"text","content":"\n\nNOT FOR RELEASE, PUBLICATION OR DISTRIBUTION, DIRECTLY OR INDIRECTLY, IN OR INTO THE UNITED STATES, AUSTRALIA, CANADA, JAPAN, THE REPUBLIC OF SOUTH AFRICA OR ANY OTHER JURISDICTION WHERE TO DO SO WOULD CONSTITUTE A BREACH OF THE RELEVANT SECURITIES LAWS OF SUCH JURISDICTION.\nThis Announcement does not constitute a prospectus or offering memorandum or an offer in respect of any securities and is not intended to provide the basis for any investment decision in respect of Petro Matad Limited or other evaluation of any securities of Petro Matad Limited or any other entity and should not be considered as a recommendation that any investor should subscribe for or purchase any such securities.\nThis Announcement contains inside information for the purposes of the UK version of the market abuse regulation (EU No. 596/2014) as it forms part of United Kingdom domestic law by virtue of the European Union (Withdrawal) Act 2018 (\"UK MAR\"). In addition, market soundings (as defined in UK MAR) were taken in respect of certain of the matters contained in this Announcement, with the result that certain persons became aware of such inside information, as permitted by UK MAR. Upon the publication of this Announcement, this inside information is now considered to be in the public domain and such persons shall therefore cease to be in possession of inside information.\nFor immediate release\n \n26 June 2024\nPetro Matad Limited\n(\"Petro Matad\" or the \"Company\")\nResults of Oversubscribed Placing and Subscription\n \nPetro Matad Limited (\"Petro Matad\" or the \"Company\") (AIM: MATD), the AIM quoted Mongolian oil company, is pleased to announce that following the accelerated bookbuild which was announced on 25 June 2024, the Company has conditionally raised gross proceeds of GBP 7.0 million (US$8.9 million) through the Placing of new Ordinary Shares, and Subscription by each of a director and shareholder of the Company at a price of 2.0 pence (the \"Placing Price\") per share.\n \nShore Capital Stockbrokers (\"Shore Capital\") and Zeus Capital (\"Zeus\") acted as Joint Bookrunners.\n \nCapitalised terms used in this announcement (this \"Announcement\") have the meanings given to them in the launch announcement, unless the context provides otherwise.\n \n \nHighlights\n \n· &nb...