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Oil company TomCo Energy said it had raised £925k from a share issue, to fund a resources report and engineering study for the Valkor oil sands prospect in Utah.
New shares in the company were offered at 0.65p each, with every two placing shares also having one warrant attached.
At 9:24am: (LON:TOM) TomCo Energy PLC share price was -0.43p at 0.65p