United Oil & Gas Raises Funds via Share Placing
United Oil & Gas (UOG.L) raised 500,000 pounds sterling in gross proceeds through a share placing to two long-term institutional shareholders. The London-listed oil and gas company placed 250 million shares priced at 0.002 pound apiece and plans to use the net proceeds to bolster its working capital position, according to a Friday release.
United Oil & Gas (UOG.L) raised 500,000 pounds sterling in gross proceeds through a share placing to two long-term institutional shareholders.
The London-listed oil and gas company placed 250 million shares priced at 0.002 pound apiece and plans to use the net proceeds to bolster its working capital position, according to a Friday release.