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IN BRIEF: Predator Oil launches fundraise for compressed natural gas

ALN

Predator Oil & Gas Holdings PLC places - Jersey-based oil and gas company with near-term gas operations in Morocco - Issues 19.1 million new ordinary shares to raise £1.4 million at a price of 0.057 pence each. Placing is to advance an investment for a compressed natural gas development.

Receives aggregate £1.6 million from exercise notices from Executive Chair Paul Griffiths and Managing Director Lonny Baumgardner for 11.2 million and 7.9 million shares respectively.

Current stock price: 6.60 pence, down 2.9%

12-month change: down 27%

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