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.
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