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IN BRIEF: Angus Energy raises £3 million via direct subscription

ALN

Angus Energy PLC - London-based oil & gas development company focused on UK assets - Raises £2 million via a subscription of 182.0 million shares, at 1.10 pence each, to a group of family offices and private investors led by Aleph International Holdings (UK) Ltd.

Also, the company says that subscription agreements have been signed for remaining £1 million via a subscription of 91.0 million shares at the same price.

Back in May, Angus Energy said the fundraise would support its acquisition of its current joint venture partner Saltfleetby Energy Ltd for up to £14.1 million.

Current stock price: 1.33 pence, up 2.3% in London on Monday

12-month change: up 40%

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