Business
Results of REX Retail Offer
Results of REX Retail Offer.
About this update from Sunda Energy Plc
[{"type":"text","content":"\n \n \n \n THIS ANNOUNCEMENT CONTAINS INSIDE INFORMATION FOR THE PURPOSES OF ARTICLE 7 OF EU REGULATION 596/2014\n \n \n \n WHICH FORMS PART OF DOMESTIC UK LAW PURSUANT TO THE EUROPEAN UNION (WITHDRAWAL) ACT 2018 (\"UK MAR\"). UPON THE PUBLICATION OF THIS ANNOUNCEMENT THIS INSIDE INFORMATION IS NOW CONSIDERED TO BE WITHIN THE PUBLIC DOMAIN.\n \n \n \n \n \n \n \n \n \n NOT FOR RELEASE, PUBLICATION OR DISTRIBUTION, DIRECTLY OR INDIRECTLY, IN WHOLE OR IN PART, OR INTO OR WITHIN THE UNITED STATES, AUSTRALIA, NEW ZEALAND, CANADA, SOUTH AFRICA OR JAPAN, OR ANY MEMBER STATE OF THE EEA, OR ANY OTHER JURISDICTION WHERE, OR TO ANY OTHER PERSON TO WHOM, TO DO SO MIGHT CONSTITUTE A VIOLATION OR BREACH OF\n \n \n ANY APPLICABLE LAW OR REGULATION. PLEASE SEE THE IMPORTANT NOTICE AT THE END OF THIS ANNOUNCEMENT.\n \n \n \n \n \n \n \n \n 16 November 2022\n \n \n \n \n \n Baron Oil Plc\n \n \n \n \n \n (\"Baron Oil\", \"Baron\" or the \"Company\")\n \n \n \n \n \n Results of REX Retail Offer\n \n \n Result of Fundraise\n \n \n and\n \n \n Total Voting Rights\n \n \n \n \n \n \n \n \n Baron Oil (AIM: BOIL), the AIM-quoted oil and gas exploration and appraisal company, is pleased to confirm, further to the announcements made on 15 November 2022, the completion of its Fundraise at the Issue Price of 0.12 pence per share. The Company announces that it has raised aggregate gross proceeds of approximately £0.36 million pursuant to the REX Retail Offer, alongside the previously announced Placing and Subscription. Accordingly, the Company will issue a total of 302,856,299 new Ordinary Shares at the Issue Price pursuant to the REX Retail Offer.\n \n \n \n \n \n In total, the Placing and Subscription and the REX Retail Offer have raised gross proceeds of approximately £5.36 million for the Company, via the Placing and Subscription of 4,166,666,667 Placing and Subscription Shares and the 302,856,299 REX Retail Shares to be issued pursuant to the REX Retail Offer.\n \n \n \n \n \n \n \n \n Andy Yeo, CEO of Baron, commented:\n \n \n \"Baron greatly values its retail shareholder base and believes that, given the size of the main Placing and Subscription which was announced yesterday conditionally raising £5 million g...