Fusion Oil and Gas capital raising..info from Website Fusion Oil & Gas plc (“Fusion” or “the Company”) Placing Fusion Oil & Gas plc ("Fusion" or the "Company") announces that it has today entered into arrangements, conditional inter alia on admission, to place up to 4,500,000 new ordinary shares of 1p each ("new Ordinary Shares") at 45 pence per share (the "Placing"), to raise up to approximately £2.0 million before expenses. The new Ordinary Shares represent approximately 4.8% of Fusion’s existing issued share capital. The net proceeds of the Placing will provide the Company with working capital and, in particular, will finance further development planning regarding Fusion’s Mauritanian interests, cover costs associated with other key blocks and provide flexibility regarding the timing of further exploration activity. It is expected that the new Ordinary Shares will be admitted to the Alternative Investment Market of the London Stock Exchange (“AIM”) on 20 September 2002. On issue, the new Ordinary Shares will rank pari passu with the existing ordinary shares. 17 September 2002
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