By Josh White
Date: Thursday 08 Sep 2016
LONDON (ShareCast) - (ShareCast News) - Africa-focused oil and gas exploration company Tower Resources announced on Thursday that it has successfully placed 45,919,084 new ordinary shares, and raised gross proceeds totaling £1.03m at a placing price of 2.25p per share.
The AIM-traded firm said that as part of the placing, chairman Jeremy Asher and other directors have subscribed for a combined total of 14,111,112 new ordinary shares to raise proceeds of £317,500.
"In addition, a total of 1,795,382 new ordinary shares have today been issued to certain directors and a former director in lieu of fees foregone," the company said in a statement.
"Following the issue of these shares and the placing shares the directors' will hold 25.1% of the enlarged issued share capital."
The company said that once admission takes place, the company's enlarged issued share capital will comprise 75,803,421 ordinary shares.
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Currency | UK Pounds |
Share Price | 0.019p |
Change Today | 0.002p |
% Change | -7.32 % |
52 Week High | 0.12 |
52 Week Low | 0.018 |
Volume | 309,723,816 |
Shares Issued | 16,638m |
Market Cap | £3.16m |
RiskGrade | 530 |
Value |
---|
Price Trend |
---|
Income |
---|
Growth |
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No dividends found |
Time | Volume / Share Price |
15:57 | 5,000,000 @ 0.019p |
15:08 | 4,032,129 @ 0.018p |
14:27 | 6,456,658 @ 0.018p |
13:53 | 5,000,000 @ 0.018p |
13:31 | 30,000,000 @ 0.019p |
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