President Energy, an oil and gas producer, has announced the placing of just over 5.5m open offer shares at 20p each, representing around 27.69 per cent of the shares offered on September 12th.
The transaction raised a total of £24.28m, with a further £3.75m conditionally raised following the completion of President Energy's farm-in agreement, under which it will earn a 59% and 60% interest in the Pirity Block and Demattei Block, respectively, in Paraguay.
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