Investegate |Bahamas Petroleum Co Announcements | Bahamas Petroleum Co: Result of Placing and Open Offer and TVR
Result of Placing and Open Offer and TVR Highlights: · Open Offer closed with c.38.15% take-up from existing shareholders raising gross proceeds of £2.63 million (US$3.72 million) through the issue of 750,289,637 ordinary shares at a price of 0.35p each ("Open Offer Shares"). · Successful Placing to raise additional gross proceeds of £4.26 million (US$6 million) through the further issue of 1,216,599,935 ordinary shares at a price of 0.35p each ("Placing Shares"). · Aggregate gross proceeds of £6.9 million (US$9.75 million) from O...