IGas proposes placing 24 million new shares with investors

AIM-listed exploration and production company IGas is proposing placing up to 24.3 million new ordinary shares with new and existing institutional investors to facilitate investment in IGas's shale resource.

AIM-listed exploration and production company IGas is proposing placing up to 24.3 million new ordinary shares with new and existing institutional investors to facilitate investment in IGas's shale resource.

The shares, which would be at a price of 95p per placing share, represent approximately 15% of the company's existing issued share capital.

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