Nu-Oil and Gas plc completed
the sale of 160 million ordinary shares
at 1.25p each on March 1, raising £2.0
million to continue implementing its
stranded and marginal field strategy
related to the Marginal Field
Development Co, in which it owns
50%. The placement brings NU’s AIMtraded
shares outstanding to over 1.39
billion. NU also issued 16 million fiveyear
warrants to buy ordinary shares at
the placement price to agent Beaufort
Securities, which has since been
collapsed and replaced as NU’s broker
of record with Strand......
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