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Baron Oil says retail share offer secures £360,000

ALN

Baron Oil PLC on Wednesday said it raised £360,000 from a retail share offer.

The London-based oil and gas exploration and appraisal company said it raised the funds at 0.12 pence per share. On Tuesday, it said it planned to raise up to £1 million from the retail offer.

Its total fundraise, alongside an institutional placing and subscription, was £5.4 million.

Shares in Baron Oil rose 2.4% to 0.13 pence in London on Wednesday.

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