Wildcat Petroleum strengthens balance sheet with £450,000 placing

Wildcat Petroleum plc (LON:WCAT), a company targeting investment opportunities in business and assets within the upstream sector of the petroleum industry, has announced the placing of 375,000,000 new ordinary shares at a price of 0.12p raising, £450,000, (£393,750, net of expenses). The new Ordinary Shares will rank pari passu with the Company’s existing issued Ordinary Shares. The Company intends to allot and issue these new ordinary shares under its existing authorities on a non pre-emptive basis.

The Company will be making its application to admit the new ordinary shares to the Official List of the FCA and to trading on the Main Market (Standard List) of the LSE. Admission is expected to occur on 30 October 2023.

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