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Rockhopper Exploration PLC - Salisbury, England-based oil & gas exploration and production company - Receives valid acceptances for 39.7 million open offer units from qualifying shareholders, representing 67% of the 57.3 million units available. Raises gross proceeds of $3.4 million, or £2.8 million. As a result, it raises $10.4 million, £8.5 million, altogether, in its capital raise.
Proceeds from the capital raise will go towards providing the company with enough working capital up to the end of June 2023.
‘We are delighted that our investors have taken the opportunity to subscribe to the Open Offer and strengthened their support for the company - we are very grateful and look forward to progressing our plans for Sea Lion with our new partner Navitas,’ Chief Executive Sam Moody said.
Current stock price: 6.94 pence
12-month change: down 28%
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