Baron Oil PLC - London-based oil and gas exploration and appraisal company - Confirms it has raised approximately £260,000 through retail offer for 528.0 million shares at 0.05 pence each. Company announced on Thursday that its recent ‘oversubscribed’ placing and subscription had raised £3.0 million, with 6.00 billion shares priced at 0.025p each. Fundraise has therefore earned approximately £3.3 million in total. Baron expects placing, subscription and retail offer shares to be admitted to trading on AIM with effect on or around February 29.

Current stock price: 0.055 pence, down 27% on Friday in London

12-month change: down 75%

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