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BDRSF / Borders & Southern slumps amid discounted share sale

Borders & Southern Petroleum (AIM:BOR) shares slumped nearly 40% after unveiling a dilutive and discounted £2.5mln equity raise, with proceeds earmarked to pay licence and other fees as it seeks to advance the Darwin project in the Falklands. News that it is selling 142mln new shares priced at 1.75p each, saw the market price of the share drop to 1.98p - versus Tuesday's closing price of 3.15p. Read More

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Borders

Southern

Slumps

Amid

Discounted

Sale

Stock

BDRSF

Posted: Nov 30 2022, 09:57

Author Name: Proactive Investors

BDRSF News

By Proactive Investors
November 30, 2022

Borders & Southern slumps amid discounted share sale

Borders & Southern Petroleum (AIM:BOR) shares slumped nearly 40% after unveiling a dilutive and discounted £2.5mln equity raise, with proceeds earmar

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