Press

Chariot Oil & Gas Limited: Result of Open Offer


Chariot Oil & Gas Limited (AIM: CHAR), the Atlantic margins focused oil and gas exploration company, announced on 27 February 2018 that it had conditionally raised total gross proceeds of approximately US$15 million (£10.7 million) by the conditional placing of 82,582,747 New Ordinary Shares (the "Placing") at an issue price of 13 pence per New Ordinary Share (the "Issue Price"). Furthermore, it proposed to raise up to a further €5.0 million (£4.4 million) by the issue of up to a further 33,609,150 New Ordinary Shares pursuant to an Open Offer (the "Open Offer") to Qualifying Shareholders at the Issue Price.

The Company is pleased to announce that it has received valid acceptances from Qualifying Shareholders in respect of 13,911,954 Open Offer Shares representing 41 per cent of the maximum Open Offer Shares available. Accordingly, the Open Offer has conditionally raised total gross proceeds of approximately US$2.5 million (£1.8 million).

Mr. Bottomley, a Director of the Company, has made an application to subscribe for a total of 241,000 Open Offer Shares, under the Basic Entitlement and Excess Entitlement facilities. Following Admission, Mr. Bottomley will have a total beneficial interest of 795,446 Ordinary Shares, representing 0.22 per cent. of the Company's Enlarged Share Capital immediately following Admission. The participation of Mr. Bottomley in the Open Offer constitutes a related party transaction under AIM Rule 13. The Directors, with the exception of Mr. Bottomley, are considered to be independent and, as such, having consulted with the Company's Nominated Adviser, consider that the participation in the Open Offer by Mr. Bottomley is fair and reasonable insofar as the Company's Shareholders are concerned.


Visit source site

otp.investis.com/clients/uk/chariot_oil/rns/regula...

Chariot Oil & GasOpen Offerexplorationo&gAIM

More items from oilvoice


Equinor Deepens in Offshore Wind in Poland

Equinor has exercised an option to acquire a 50 % interest in the offshore wind development project Bałtyk I in Poland from Polenergia. This transaction is a follow-up of the agreement between the two companies which came into force in May 2018 , by which Equinor acquired a 50 % inter ...

OilVoice Press - OilVoice


Posted 2 months agoPress > EquinorEquinor EnergyPoland +2

Nigeria has highest capex on crude and natural gas projects in sub-Saharan Africa Over Next Seven Years, says GlobalData

Nigeria accounts for more than 34% of the proposed capital expenditure (capex) on planned and announced crude and natural gas projects in the sub-Saharan Africa over the period 2018–2025, according to GlobalData , a leading data and analytics company. The company's report: ‘H2 2018 Production ...

OilVoice Press - OilVoice


Posted 2 months agoOpinion > GlobalDataNigeriaCrude +5

CNOOC Signs Strategic Cooperation Agreements with 9 International Oil Companies

HONG KONG, Dec. 18, 2018 /PRNewswire/ -- CNOOC Limited (the "Company", SEHK: 00883, NYSE: CEO, TSX: CNU) announced today that its parent company, China National Offshore Oil Corporation (CNOOC), has signed Strategic Cooperation Agreements with 9 international oil companies including: Chevron, Conoco ...

OilVoice Press - OilVoice


Posted 3 months agoPress > CNOOCChina National Offshore Oil CorporationChevron +11

Total Announces the Distribution of its Second 2018 Interim Dividend

The Board of Directors met on December 12, 2018 and declared  the distribution of a second interim dividend for the 2018 fiscal year of €0.64 per share, in accordance with the Board's decision of July 25, 2018, an amount equal to the first 2018 interim dividend and an increase of 3.2% compared to t ...

OilVoice Press - OilVoice


Posted 3 months agoPress > TotalDividend

Methyl Tertiary Butyl Ether Capacity Will Grow at a CAGR of 16.8% in India Over Next Four Years, says GlobalData

India's Methyl Tertiary Butyl Ether (MTBE) plant capacity is forecasted to grow at a compound annual growth rate (CAGR) of 16.8% from 0.211 million tons per annum (mtpa) in 2017 to 0.460 mtpa in 2022, according to GlobalData , a leading data and analytics company. The company's report: ‘ Met ...

OilVoice Press - OilVoice


Posted 3 months agoOpinion > GlobalDataIndiaMTBE
All posts from oilvoice