Hurricane Energy raises £70m

Hurricane Energy has conditionally raised gross proceeds of £70 million through a proposed issue of 205,882,353 placing shares at 34p per share.

The company is also proposing separately to make an open offer to all qualifying shareholders to raise up to £4.4 million at the issue price.

The company says it is grateful for the support of its existing shareholders, including Kerogen Investor and Crystal Amber, who have conditionally subscribed for 93,017,647 of the placing shares to raise gross proceeds of £31.63 million.

At 3:38pm: (LON:HUR) Hurricane Energy Plc Ord 0.1p share price was -2p at 36.75p

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