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Oil Capital

USOP raises additional working capital

The company told investors that the placing proceeds will be used as working capital.
us dollars
It raised US$295,713

Nevada focussed oil junior US Oil & Gas Plc (USOP) has raised US$295,713 of new capital via a placing of shares to private investors.

A total of 869,744 new ordinary shares were issued at a placing price of 0.27p, which according to the company equates to a 0.3199 euro premium per share.

The company told investors that the placing proceeds will be used as working capital.

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