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Eco Atlantic Oil & Gas Ltd - Atlantic margin-focused oil and gas explorer with offshore license interests in Guyana, Namibia and South Africa - Raises $10 million from subscriptions to 26.9 million new shares at 27.5 pence per share. The new shares will represent 7.9% of the enlarged total. Each new share comes with a warrant for an additional share at 40p, exercisable over the next three years. Eco enters binding agreements with Israel-based institutional investors for the new shares. The fresh funds will be used geological and geophysical work at Eco’s licenses in Guyana, Namibia and South Africa. ‘We are delighted to welcome a number of leading Israeli institutional investors to our share register through this $10 million direct subscription,’ comments Eco Chief Executive Officer Gil Holzman. ‘Their participation and long-term commitment represents a strong endorsement of the quality of our Atlantic Margin portfolio, our exploration and value-creation strategy, and our disciplined, capital-efficient approach.’ Current stock price: 28.75p 12-month change: more than doubled from 11.38p Copyright 2026 Alliance News Ltd. All Rights Reserved.
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