Europa Oil & Gas plc raises £7.02m

PrimaryBid was pleased to support Europa Oil & Gas plc ("the Company") during its latest capital raise.

The Company conditionally raised gross proceeds of £7.02 million, before expenses, through the conditional placing of 390,000,000 new ordinary shares of £0.01 each at an issue price of 1.8 pence per share (the "Issue Price") (the "Fundraising Shares") (a 21.7% discount to the 30 day volume weighted average share price on 2 March 2022). The PrimaryBid Offer is a separate and distinct offer, but is conditional on, inter alia, Admission of the Placing Shares.

Read the RNS here