Chariot has raised net proceeds of US$5.5m (US$6.1m gross) via a placing and subscription at a price of 1.4p (a 3.6% discount) and has launched an open offer to raise up to a further US$1m. The proceeds of the placing will be used to secure Chariot’s stake and participation in its wind generation, gas and upstream portfolio and to strengthen the Company’s balance sheet. The placing, subscription and open offer are all conditional upon the passing of the resolutions at a general meeting. We updat ....
