Confirmation of amount raised by PrimaryBid

RNS Number : 2401G

Solo Oil Plc

28 February 2018

 

FOR IMMEDIATE RELEASE                                                                                       

28 February 2018

SOLO OIL PLC

("Solo" or the "Company")

Confirmation of amount raised by PrimaryBid.com Offer

The Board of Solo Oil plc (SOLO: AIM) can now confirm that the amount the Company has accepted from investors on the PrimaryBid platform was £92,000 as part of the total £2 million Company sponsored equity placement announced yesterday.

For further information:

Solo Oil plc Neil Ritson / Dan Maling	[phone]
Beaumont Cornish Limited Nominated Adviser and Joint Broker Roland Cornish/Rosalind Abrahams	[phone]
Shore Capital Joint Broker Jerry Keen Beaufort Securities Joint Broker Jon Belliss Buchanan (PR) Ben Romney / Chris Judd / Henry Wilson	[phone] [phone] [phone]

Notes to Editors:

Solo Oil plc (Solo), is a natural resources investment company with a diverse portfolio of onshore assets, principally in Europe and Africa. The company seeks to deliver returns through early stage investment in promising projects and uses management's own sector expertise to assist in strategic asset development. Solo's portfolio currently includes extensive interests in the prolific Ruvuma Basin in Tanzania, the Horse Hill oil discovery in the Weald Basin, Helium One Limited, the Tanzanian helium exploration company, and Kiliwani North, a natural gas producing project in Tanzania.   

 

END

 

 

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