LGO placing raises £1.18m

LGO has raised £1.18 million, before expenses, through a placing of 984,600,000 new ordinary shares at 0.12p per share through an oversubscribed stockbroker and company sponsored placement.

The net funds raised will be used to accelerate the drilling of Mayaro Sandstone infill wells at the company’s 100% owned and operated Goudron field in Trinidad, and as working capital by the Company.

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