Jan 22 - Gold Oil Plc (GOO.L) said on Thursday it raised 645,000 pounds ($896,200) before expenses via a share placement to develop its Burdine oil field in the Putumayo Basin in the south of Colombia. The Latin America-focused oil and gas explorer, which placed 16.1 million shares with institutions at 4 pence apiece, said it was also in the process of increasing activity across the portfolio of assets.
Following the share placement, Gold Oil's share capital will consist of 499.3 million shares, it said in a statement. Shares of Gold Oil were down 13 percent at 4.25 pence at 0826 GMT on the London Stock Exchange.
Following the share placement, Gold Oil's share capital will consist of 499.3 million shares, it said in a statement. Shares of Gold Oil were down 13 percent at 4.25 pence at 0826 GMT on the London Stock Exchange.
