REG - Wildcat Petroleum - Placing to raise £225,500

Wildcat PetroleumAnnouncement

27/10/2022 07:16

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RNS Number : 2559E  Wildcat Petroleum PLC  27 October 2022

27 October 2022

Wildcat Petroleum Plc

("Wildcat", "WCAT" or the "Company")

 

Placing to raise £225,500

Wildcat Petroleum plc (LSE: WCAT), a company targeting investment
opportunities in business and assets within the upstream sector of the
petroleum industry, is pleased to announce the placing of 18,040,000 new
ordinary shares at a price of 1.25p raising £225,500, net £211,970. The new
ordinary shares will rank pari passu with the Company's existing issued
ordinary shares. The Company intends to allot and issue these new ordinary
shares under its existing authorities on a non pre-emptive basis.

The Company will be making its application to admit the new ordinary shares to
the Official List of the FCA and to trading on the Main Market (Standard List)
of the LSE. Admission is expected to occur on 1 November 2022.

Conditional on Admission, the Company's issued ordinary share capital will
be 2,428,040,000 ordinary shares, which may be used by shareholders as the
denominator for the calculations by which they will determine if they are
required to notify their interest in, or a change to their interest in, the
share capital of the Company under the FCA's Disclosure Guidance and
Transparency Rules.

Mandhir Singh, Chairman of Wildcat, commented: "The company is delighted to
have raised additional funds to strengthen the balance sheet in difficult
market conditions."

 

Enquiries:

 Wildcat                   msingh@wildcatpetroleum.co.uk

 Mandhir Singh
 Guild Financial Advisory  ross.andrews@guildfin.co.uk

 Ross Andrews
  AXCAP 247                kh@axcap247.com (mailto:kh@axcap247.com)

  Kamran Hussain

Notes to Editors:

Wildcat Petroleum (LSE:WCAT) is listed on the standard segment of the official
list, with shares traded on the main market of the London Stock Exchange. WCAT
is seeking to acquire projects or a business operating in the upstream sector
of the petroleum industry - namely exploration, appraisal, development and
production of oil and gas, with a primary focus on assets that are at the
later phases of exploration and production.

https://www.wildcatpetroleum.co.uk/ (https://www.wildcatpetroleum.co.uk/)

 

 

 

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