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Buccaneer Energy Plc announced that following a successful fundraise and the issuance of fundraise and supplier shares, its enlarged issued ordinary share capital will comprise 18,565,531,999 Ordinary Shares, with no shares held in treasury. This figure, effective after admission on March 10, 2026, will serve as the denominator for shareholders calculating their notification obligations under the FCA's Disclosure Guidance and Transparency Rules. The fundraise, supported by Premier Miton and other investors, is intended to facilitate the acquisition of an adjacent producing asset and expand Organic Oil Recovery in the Pine Mills area.
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Buccaneer Energy (AIM: BUCE), the international oil & gas exploration and production company with development and production assets in Texas, USA announced on 2 March 2026 that completed a successful fundraise supported by a new cornerstone investor, institutional investor Premier Miton, alongside Directors and Management, existing shareholders and other new investors, to complete the acquisition of an adjacent producing asset and to expand the application of Organic Oil Recovery ("OOR") in the Pine Mills area (the "Field").
As mentioned, in the 2 March RNS, the new cornerstone investor received an additional 60,000,000. Additional Arrangement Fee Shares. Those shares were not included in the total share count of the earlier announcement.
In accordance with the FCA's Disclosure Guidance and Transparency Rules, the Company confirms that on issue of the Fundraise and Supplier Shares and following Admission, the Company's enlarged issued ordinary share capital will comprise 18,565,531,999 Ordinary Shares.
The Company does not hold any Ordinary Shares in Treasury. Therefore, following admission on 10 March 2026, the above figure may be used by shareholders in the Company as the denominator for the calculations to determine if they are required to notify their interest in, or a change to their interest in, the Company, under the FCA's Disclosure Guidance and Transparency Rules.
Cleaned text: letterheads, contacts and legal notices removed. View the original announcement ↗ · Company filings. Not investment advice.