StockMarketWire.com - ADM Energy, an oil and gas investing company, said it had raised approximately £500,000 through a placing and an offer via PrimaryBid.com, with proceeds going towards general working capital purposes.

The company raised gross proceeds of approximately £500,000 at 16p a share via the Fundraising.

'The funds raised will be used for general working capital purposes, to allow the company to appraise further investment opportunities and to provide funds for investment,' the company said.


At 9:04am: [LON:ADME] share price was 0p at 19.5p



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