Chariot Limited Announces $6.5 Million Fundraising to Support Strategic Demerger
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Chariot Limited has announced a fundraising initiative to raise approximately $6.5 million through a placing, subscription, and open offer. The funds will support the demerger of its Renewable Power pillar, creating two distinct investment opportunities by separating its upstream oil and gas operations from its renewable energy business. The latest analyst rating for Chariot Oil & Gas (GB:CHAR) is a Buy with a £6.00 price target. Chariot focuses on transitional energy in Africa, with operations in both oil and gas and renewable power.
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