Mosman Oil and Gas (GB:MSMN) has released an update.
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Mosman Oil and Gas Limited has announced the exercise of warrants for 100 million new Ordinary Shares, at 0.025 pence each, bolstering the company’s cash reserves by approximately AUD $49,000. These shares will soon be trading on the AIM market, with the total number of voting rights in the company reaching over 15 billion post-admission. The move is part of Mosman’s strategy to enhance operating cash flow and develop exploration opportunities in the US and Australia.
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