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Find all the economic and financial information on our Orishas Direct application to download on Play StoreThe oil exploration and production company focused on Angola and Brazil, Corcel PLC reported that it raised 500,000 GBP through a placement of 500 million new shares at a price of £0.001 each.
Corcel PLC intends to use the funds primarily to continue building a stable financial base in the second half of the year, by funding its working capital needs and ongoing operations, including geological and geophysical work in Angola and the implementation of its business development initiatives in Brazil. According to Scott Gilbert, interim CEO of Corcel, the fundraising will make it possible to pursue the company's strategy, in which Angola and Brazil remain at the center
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