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Fundraising to Raise £800,000 and Notice of AGM
Fundraising to Raise £800,000 and Notice of AGM.
About this update from United Oil & Gas Plc
[{"type":"text","content":"\n\nTHIS ANNOUNCEMENT AND THE INFORMATION CONTAINED HEREIN IS RESTRICTED AND IS NOT FOR RELEASE, PUBLICATION OR DISTRIBUTION, IN WHOLE OR IN PART, DIRECTLY OR INDIRECTLY, IN, INTO OR FROM THE UNITED STATES, AUSTRALIA, CANADA, JAPAN, NEW ZEALAND, THE REPUBLIC OF SOUTH AFRICA OR ANY OTHER JURISDICTION IN WHICH SUCH RELEASE, PUBLICATION OR DISTRIBUTION WOULD BE UNLAWFUL.\n \nTHIS ANNOUNCEMENT CONTAINS INSIDE INFORMATION FOR THE PURPOSES OF REGULATION (EU) 596/2014 AS IT FORMS PART OF DOMESTIC LAW IN THE UNITED KINGDOM BY VIRTUE OF THE EU (WITHDRAWAL) ACT 2018 (\"MAR\"). IN ADDITION, MARKET SOUNDINGS (AS DEFINED IN MAR) WERE TAKEN IN RESPECT OF THE FUNDRAISING WITH THE RESULT THAT CERTAIN PERSONS BECAME AWARE OF INSIDE INFORMATION (AS DEFINED IN MAR), AS PERMITTED BY MAR. THIS INSIDE INFORMATION IS SET OUT IN THIS ANNOUNCEMENT. THEREFORE, THOSE PERSONS THAT RECEIVED INSIDE INFORMATION IN A MARKET SOUNDING ARE NO LONGER IN POSSESSION OF SUCH INSIDE INFORMATION RELATING TO THE COMPANY AND ITS SECURITIES.\n \n United Oil & Gas PLC / Index: AIM / Epic: UOG / Sector: Oil & Gas\n \nDate 3rd July 2025\nUnited Oil & Gas plc\n(\"United\" or \"the Company\")\n \nFundraising to Raise £800,000 and Notice of AGM\n \nUnited Oil & Gas Plc (AIM: UOG), is pleased to announce a conditional placing and subscription to raise gross proceeds of £800,000 (the \"Fundraising\") through the issue of 444,444,444 new ordinary shares of £0.00001 each (the \"Fundraising Shares\") in the capital of the Company at a price of £0.0018 per share (the \"Issue Price\"). Global Investment Strategy UK Limited acted as placing agent to the placing and raised gross proceeds of £654,852 and an additional £145,148 was directly subscribed for with the Company. The Fundraising was significantly oversubscribed and was scaled back.\n \nAs part of the Fundraising, participants will be issued one warrant for every two new ordinary shares subscribed (the \"Warrants\"). Each Warrant will be exercisable at £0.0028 and expire on 30 June 2026.\n \nThe authorisation to issue the Fundraising Shares along with associated Warrants is included within the resolutions in the Company's forthcoming Annual General Meeting (\"AGM\") on 25 July 2025 and subject to shareholder approval.\n \nUse of Proceeds\n \nThe...