Client NewsUpland Resources Limited: Capital Raise to Progress Sarawak Initiatives
Upland Resources Limited (LSE: UPL), the oil and gas company with a portfolio of attractive upstream assets and opportunities in Sarawak, the UK North Sea and Tunisia is pleased to announce that it has raised £310,000 (before expenses) via a placing of new ordinary shares of no par value in the Company. The fundraise was completed at zero discount to the closing bid price on 25th October 2022 and was arranged by Optiva Securities Limited. One director (Bolhassan Di) and management have subscribed for a total of £50,000 in the fundraise.
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