Borders & Southern Petroleum (GB:BOR) has released an update.
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Borders & Southern Petroleum plc has successfully raised £1.5 million through the issuance of 100 million new ordinary shares at a discounted price to accelerate the development of its Darwin Gas Condensate project. The fundraising received substantial support from the company’s board, with key directors personally investing £505,000, demonstrating their commitment to the project’s future. The funds will primarily cover license fees, technical studies, and general expenses, moving the project towards a critical appraisal phase.
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