Atlantic Oil & Gas Secures US$7.7 Million in Private Placement from Israeli Investors
3 reports, 1 independent
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What happened
Atlantic Oil & Gas announced it entered into binding agreements with two Israel-based institutional investors to subscribe for new common shares in the company. The company expects to raise aggregate gross proceeds of US$7.7 million through the issue of 18,000,000 new common shares at an issue price of 32.5 pence per share.
From finanznachrichten.de
Why it matters
The capital raise provides funding for Atlantic Oil & Gas, an oil and gas exploration company that concentrates on the offshore Atlantic Margins. The private placement allows the company to increase its financial resources for its operations.
From finanznachrichten.de
Who's involved
- AtlanticOil and gas exploration company focused on the offshore Atlantic Margins