Lansdowne begins AIM trading
21/04/2006 - 08:07:41Oil and gas exploration company Lansdowne has been admitted to trading on the UK's AIM market.
The company has placed 1,882,353 shares at an issue price of 85p which raised £1.6m (€2.3m) before expenses. At the placing price, Lansdowne has a market capitalisation of £17.7m (€25.6m).
Lansdowne holds one frontier exploration licence in the Donegal basin and four Celtic Sea licensing options, covering a total of more than half a million acres of offshore Ireland.
In February 2006, the company completed a private placing which raised approximately £750,000 (€1m) to provide working capital for the group.
