Oracle Power PLC (LSE:ORCP) has secured £500,000 through a placing of new ordinary shares, issued at a 20% discount. The capital will be used primarily to drive forward the company’s projects in Australia and Pakistan, while also supporting general working capital needs. This funding injection is expected to accelerate development timelines, strengthen operational capabilities, and enhance Oracle’s position in the energy project development sector.
About Oracle Power PLC
Oracle Power PLC is an internationally focused project developer listed on the AIM market of the London Stock Exchange. The company is engaged in energy initiatives in Western Australia and Pakistan, including plans to develop one of the region’s largest green hydrogen production facilities.
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