Providence share price up over 8% on share placing plans
Oil and gas explorer Providence Resources plans to raise up to £63.1 million (€75.7 million) from a share placing.
The share price of oil and gas explorer Providence Resources rose 8.6 per cent after it announced plans to raise up to £63.1 million (€75.7 million) from a share placing.
The company said that it had agreed the terms of a conditional placing for cash of up to 13,148,930 new ordinary shares of €0.10 each at 480p per share, raising gross proceeds of up to approximately £63.1 million before expenses.
Providence is currently undertaking a major drilling...
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