StockMarketWire.com - TomCo Energy said it had raised £450k from a share issue to provide working capital.

New shares in the company were issued at 3.5% each, representing a 33% discount to their closing price on Tuesday.

TomCo also said that a field test at its Holliday A block in Utah was running to plan and that it expected to announce its completion in the 'coming weeks'.


At 9:24am: [LON:TOM] TomCo Energy PLC share price was -1.7p at 3.75p



Story provided by StockMarketWire.com