Prospex Oil and Gas (GB:PXEN) has released an update.
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Prospex Energy PLC has launched a WRAP Retail Offer to raise up to £500,000 by issuing new ordinary shares priced at 6 pence each, alongside a separate placing and subscription to raise an additional £3.27 million. The offer is aimed at the UK retail shareholder base, with trading on AIM expected to commence on the revised date of 12 August 2024. The funds are intended to support the company’s investment in HEYCO Energy Iberia and the potential acquisition of interest in the Viura gas field.
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