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Important information: The value of investments can go down as well as up so you may get back less than you invest. Investors should note that the views expressed may no longer be current and may have already been acted upon. This is a third-party news feed and may not reflect Fidelity’s views.

Baron Oil raises £3.26m through placing, subscription and retail offer

(Sharecast News) - Baron Oil announced on Friday that it had raised a total of £3.26m through a fundraise. The AIM-traded company said it raised £0.26m through the WRAP retail offer, in addition to the earlier disclosed placing and subscription.

That brought the total gross proceeds generated for Baron Oil to £3.26m, combining the placing and subscription of 6,000,000,000 placing and subscription shares with the 528,023,360 WRAP retail offer shares.

At 1259 GMT, shares in Baron Oil were down 28% at 0.05p.

Reporting by Josh White for Sharecast.com.

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Important information: This information is not a personal recommendation for any particular investment. If you are unsure about the suitability of an investment you should speak to one of Fidelity’s advisers or an authorised financial adviser of your choice. When you are thinking about investing in shares, it’s generally a good idea to consider holding them alongside other investments in a diversified portfolio of assets. Past performance is not a reliable indicator of future returns.

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