Placing to raise £225,500

RNS Number : 2559E

Wildcat Petroleum PLC

27 October 2022

 

27 October 2022

Wildcat Petroleum Plc

("Wildcat", "WCAT" or the "Company")

Placing to raise £225,500  

Wildcat Petroleum plc (LSE: WCAT), a company targeting investment opportunities in business and assets within the upstream sector of the petroleum industry, is pleased to announce the placing of 18,040,000 new ordinary shares at a price of 1.25p raising £225,500, net £211,970. The new ordinary shares will rank pari passu with the Company's existing issued ordinary shares. The Company intends to allot and issue these new ordinary shares under its existing authorities on a non   pre-emptive basis.

The Company will be making its application to admit the new ordinary shares to the Official List of the FCA and to trading on the Main Market (Standard List) of the LSE. Admission is expected to occur on 1 November 2022.

Conditional on Admission, the Company's issued ordinary share capital will be   2,428,040,000   ordinary shares, which may be used by shareholders as the denominator for the calculations by which they will determine if they are required to notify their interest in, or a change to their interest in, the share capital of the Company under the FCA's Disclosure Guidance and Transparency Rules.

Mandhir Singh, Chairman of Wildcat, commented:  "The company is delighted to have raised additional funds to strengthen the balance sheet in difficult market conditions."

Enquiries:

Wildcat Mandhir Singh	[e-mail]
Guild Financial Advisory Ross Andrews	[e-mail]
AXCAP 247   Kamran Hussain	[e-mail]

Notes to Editors:

Wildcat Petroleum (LSE:WCAT) is listed on the standard segment of the official list, with shares traded on the main market of the London Stock Exchange. WCAT is seeking to acquire projects or a business operating in the upstream sector of the petroleum industry - namely exploration, appraisal, development and production of oil and gas, with a primary focus on assets that are at the later phases of exploration and production.

https://www.wildcatpetroleum.co.uk/

 

END

 

 

IOEFEAESMEESEDS