Chariot Oil & Gas (GB:CHAR) has released an update.
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Chariot Oil & Gas has announced a highly successful open offer, with demand exceeding the available shares by nearly double, resulting in a $2 million raise. The open offer’s proceeds contribute to the company’s total funds raised of $9 million, which will support upcoming drilling at Anchois and further developments within the group. The fulfillment of share allocations is pending the approval of resolutions at an upcoming general meeting.
For further insights into GB:CHAR stock, check out TipRanks’ Stock Analysis page.
