Global Petroleum (GB:GBP) has released an update.
Global Petroleum Ltd successfully raised £250,000 through an oversubscribed retail offer of new ordinary shares, significantly exceeding their initial target of £100,000 due to exceptional demand from existing retail shareholders. The additional funds are tied to the admission of the new shares to the AIM market of the London Stock Exchange, which is anticipated around 22 August 2024. This capital raising effort demonstrates strong shareholder support and is set to alter the company’s total issued share capital.
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