Bahamas Petroleum Company (BPC LN)C; Target: 6.7p: Further funding secures the 2021 programme - BPC is raising US$10 mm of new equity immediately with a fund managed by Lombard Odier. The placing comprises 375 mm new shares at 2.0p per share. The investor is also issued warrants to subscribe for 93.75 mm shares at 3.0p and 93.75 mm shares at 4.0p over a period of one year. If all of these warrants were to be exercised, BPC would raise a further US$8.7 mm. BPC has also the option to raise up to a ....
18 Dec 2020
Auctus on Friday - 18/12/2020
Serica Energy PLC (SQZ:LON), 196 | Harbour Energy Plc (HBR:LON), 284 | Africa Oil Corp. (AOI:TSE), 0 | Challenger Energy Group PLC (CEG:LON), 0.2 | Capricorn Energy PLC (CNE:LON), 169 | Canadian Overseas Petroleum Limited (COPL:LON), 0 | Gran Tierra Energy Inc. (GTE:ASE), 0 | Jersey Oil & Gas PLC (JOG:LON), 155 | Maha Energy AB Class A (MAHA.A:OME), 0 | PetroTal Corp. (PTAL:LON), 47.5 | Pharos Energy PLC (PHAR:LON), 23.4 | Tethys Oil AB (TETY:OME), 0 | Tethys Oil AB (0A1V:LON), 0
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Auctus on Friday - 18/12/2020
Serica Energy PLC (SQZ:LON), 196 | Harbour Energy Plc (HBR:LON), 284 | Africa Oil Corp. (AOI:TSE), 0 | Challenger Energy Group PLC (CEG:LON), 0.2 | Capricorn Energy PLC (CNE:LON), 169 | Canadian Overseas Petroleum Limited (COPL:LON), 0 | Gran Tierra Energy Inc. (GTE:ASE), 0 | Jersey Oil & Gas PLC (JOG:LON), 155 | Maha Energy AB Class A (MAHA.A:OME), 0 | PetroTal Corp. (PTAL:LON), 47.5 | Pharos Energy PLC (PHAR:LON), 23.4 | Tethys Oil AB (TETY:OME), 0 | Tethys Oil AB (0A1V:LON), 0
- Published:
18 Dec 2020 -
Author:
Stephane Foucaud -
Pages:
7
Bahamas Petroleum Company (BPC LN)C; Target: 6.7p: Further funding secures the 2021 programme - BPC is raising US$10 mm of new equity immediately with a fund managed by Lombard Odier. The placing comprises 375 mm new shares at 2.0p per share. The investor is also issued warrants to subscribe for 93.75 mm shares at 3.0p and 93.75 mm shares at 4.0p over a period of one year. If all of these warrants were to be exercised, BPC would raise a further US$8.7 mm. BPC has also the option to raise up to a ....