Jersey Oil & Gas conditionally raised about £1.6 million through a private placement of 1,454,547 new ordinary shares at 110p each with new and existing shareholders. The company’s directors and officers subscribed for 120,454 of the shares. Jersey intends to use net proceeds for technical studies and evaluation of its UK Seaward License P.2170, Blocks 20/5b and 21/1d next summer, and general working capital purposes. AIMlisted Jersey had 8.5 million shares outstanding as of......
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