Lansdowne taps market
Ireland-focused Lansdowne Oil and Gas has raised fresh funds through a share placing at a mild discount to the current share price so it can continue to develop its Barryroe project in the North Celtic Sea Basin.
Ireland-focused Lansdowne Oil and Gas has raised fresh funds through a share placing at a mild discount to the current share price so it can continue to develop its Barryroe project in the North Celtic Sea Basin.
Lansdowne placed 18.2m new ordinary shares with institutional investors at a price of 55p each, raising £10.0m. The newly issued shares represent around 12.9% of the enlarged issued share capital of Lansdowne.
Try 6 free issues of MoneyWeek today
Get unparalleled financial insight, analysis and expert opinion you can profit from.
Sign up for MoneyWeek’s free twice-daily newsletter.
Join more than 165,000 subscribers and keep yourself informed with latest financial news, insights and expert analysis to help you understand what really matters when it comes to your finances.
Join more than 165,000 subscribers and keep yourself informed with latest financial news, insights and expert analysis to help you understand what really matters when it comes to your finances.
