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| Share Name | Share Symbol | Market | Type | Share ISIN | Share Description |
|---|---|---|---|---|---|
| Baron Oil Plc | LSE:BOIL | London | Ordinary Share | GB00B01QGH57 | ORD 0.025P |
| Price Change | % Change | Share Price | Bid Price | Offer Price | High Price | Low Price | Open Price | Shares Traded | Last Trade | |
|---|---|---|---|---|---|---|---|---|---|---|
| -0.0035 | -5.30% | 0.0625 | 0.06 | 0.065 | 0.065 | 0.0625 | 0.065 | 238,574,668 | 16:06:36 |
| Industry Sector | Turnover | Profit | EPS - Basic | PE Ratio | Market Cap |
|---|---|---|---|---|---|
| Crude Petroleum & Natural Gs | 0 | -1.39M | -0.0001 | -6.00 | 11.39M |
From Apr 2019 to Apr 2024
TIDMBOIL
RNS Number : 5268D
Baron Oil PLC
20 February 2020
Baron Oil Plc
("Baron" or "the Company")
Update on GM Circular
Issue of warrants
Baron Oil Plc (AIM:BOIL), the AIM-quoted oil and gas exploration and production company, focused on opportunities in SE Asia, Latin America and the UK notes that on 21 February 2020 it will be posting its circular to shareholders setting out details of a general meeting to be held at 200 Strand London WC2R 1DJ at 11 a.m. on 10 March 2020 ("GM") in connection with its conditional Placing and Subscription to raise GBP2.5 million (gross) at a price of 0.1p per New Ordinary Shares (the "Circular").
Further to the Company's announcement of 14 February 2020, as part of the Placing arrangements Turner Pope Investments (TPI) Limited, have been granted 36,785,714 Warrants relating to Tranche 1 of the Placing Shares; a further 80,339,286 Warrants relating to Tranche 2 of the Placing Shares will be granted on the passing of the requisite resolutions at the GM. Both sets of Warrants have a three year life from the date of the Admission of the relevant New Ordinary shares with each warrant conferring a right to acquire a New Ordinary Share at 0.1p.
Subsequent to posting, the Circular will be made available for download from the Company's website ( https://www.baronoilplc.com/ ).
For further information, please contact:
Baron Oil Plc +44 (0)20 7117 2849 Dr Malcolm Butler, Executive Chairman Andy Yeo, Managing Director SP Angel Corporate Finance LLP +44 (0)20 3470 0470 Nominated Adviser and Joint Broker Stuart Gledhill, Stephen Wong Turner Pope Investments (TPI) Limited +44 (0)20 3657 0050 Joint Broker Andy Thacker, Zoe Alexander
This information is provided by RNS, the news service of the London Stock Exchange. RNS is approved by the Financial Conduct Authority to act as a Primary Information Provider in the United Kingdom. Terms and conditions relating to the use and distribution of this information may apply. For further information, please contact rns@lseg.com or visit www.rns.com.
END
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(END) Dow Jones Newswires
February 20, 2020 02:00 ET (07:00 GMT)
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