Borders & Southern Petroleum (GB:BOR) has released an update.
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Borders & Southern Petroleum plc has announced that investor Alan Brimacombe has acquired 13,333,333 new ordinary shares for £200,000, increasing his total voting rights in the company to 12.15%. This move comes as part of the company’s recent fundraising efforts. Borders & Southern Petroleum is an independent oil and gas company, with operational focus in the South Falkland Basin, where it holds a 100% interest in three production licenses.
For further insights into GB:BOR stock, check out TipRanks’ Stock Analysis page.