RARE ALERT: TomCo Energy said to be working on £500,000 equity fundraising - sources

Tuesday, 19 March 2019, 2:45 pm

TomCo Energy, a London-listed shale exploration company, is said to be working on an equity fundraising.

People claiming to be familiar with the matter said TomCo is looking to raise around £500,000, possibly via a placing with equity investors.

It's thought the new stock could be priced at between 2.0p and 2.5p, said people claiming to be familiar with the matter.

Betaville has offered a spokesperson from TomCo the opportunity to comment and is awaiting a response. If and when the company does respond, I will happily include the comment...

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