Chariot Oil & Gas Achieves Oversubscribed Funding Round

Chariot Oil & Gas (GB:CHAR) has released an update.

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.

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