Chariot Oil & Gas (GB:CHAR) has released an update.
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Chariot Oil & Gas has successfully raised $6.4 million through an oversubscribed placing and subscription, with plans to further fundraise $2 million via an open offer to qualifying shareholders. The proceeds will strengthen the company’s balance sheet and fund new venture opportunities, including drilling at the Anchois-East well. The offering price of the new shares was set at a 13.3% discount to the recent closing price, indicating strong investor interest and potential growth opportunities for the company.
For further insights into GB:CHAR stock, check out TipRanks’ Stock Analysis page.
