Borders & Southern Petroleum Raises GBP2 Million via Direct Share Placing

02:53 AM EDT, 10/12/2026 (MT Newswires) -- Borders & Southern Petroleum (BOR.L) raised 2 million pounds sterling via a direct placing of 17,391,304 shares at 0.115 pound apiece. Proceeds were earmarked for the oil and gas explorer's license, discovery area fees, general and administrative expenses, as well as its studies, among others, according to a Monday filing. Admission of the shares on the London bourse's AIM segment is expected on Oct. 19.