Fladgate advises Angus Energy plc on £3m placing
Fladgate LLP has advised AIM listed Angus Energy plc on its £3m placing to increase the group’s capitalisation and financial flexibility. Net proceeds from the placing will be used to pay operational and associated costs related to the development of the Holmwood prospect; fund capital expenditures; assist with funding business development and potential acquisition activities; and provide further working capital for the group. Angus Energy is an independent UK onshore oil and gas development, production and operations company and OGA-approved operator.
Angus Energy was advised by capital markets partner Paul Airley, assisted by corporate associate Victoria Miller.
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