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BPC gets $3.2m injection

Bahamas Petroleum Company Plc (LON:BPC) has received a £2.6m (US$3.2m) injection from investors as it continues to work on partnering talks for its exploration projects, according to proactiveinvestors.co.uk. 

Source:
Date:
Updated:
Proactive Investors
Wednesday, June 14, 2017
Wednesday, June 14, 2017

BPC07:51 14 (UK) Jun 2017 (Proactive Investors) – BPC declared it was “confident” of being able to conclude a farm-out deal and highlighted that sentiment in the oil market was improving.

Bahamas Petroleum Company Plc (LON:BPC) has received a £2.6mln (US$3.25mln) injection from investors as it continues to work on partnering talks for its exploration projects.

The company raised the capital via a share placing, selling 260mln new shares priced at 1p each.

This is an excerpt from Proactive Investors as it appeared on June 14, 2017. For updates or to read the current version of this post in its entirety, please click here.

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Bahamas Financial Services Board hosted landfall events 30-31 May in Montreal and Toronto, Canada respectively. The Montreal landfall event was co-hosted by BFSB and the law firm DeGrandPre Chait.

Bahamas Chamber of Commerce and Employers Confederation (BCCEC) opened its annual conclave yesterday, bringing together business representatives from around the archipelago to discuss impediments facing the sector and methods to grow the local economy.

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