Gulf Oil and Gas accountACCOUNT

Closing of a Second Tranche of a Private Placement

Source: www.gulfoilandgas.com 7/25/2016, Location: Africa

SDX Energy Inc. an oil and gas exploration and production company with assets in Egypt, is pleased to announce that, further to its news release dated May 20, 2016, it has completed the second tranche of the private placement.

The second tranche consists of 3,910,000 common shares that had been placed with an investor conditionally upon the receipt of final acceptance of the transaction by the TSX Venture Exchange, which has now been obtained. Admission of the Placement Shares to trading on the AIM market of the London Stock Exchange plc and commencement of dealings is expected to take place at 8.00 a.m. (London time) on Thursday, 28 July 2016. The subscription price was 18 pence (C$0.33) per Placement Share.

For the purposes of the UK Disclosure and Transparency Rules, the total number of voting rights in the Company with effect from today will be 79,843,902. This figure may be used by shareholders as the denominator for the calculations by which they determine if they are required to notify their interest in, or a change of their interest in, the Company under the UK Disclosure and Transparency Rules.

The information contained within this announcement is deemed by the Company to constitute inside information as stipulated under the Market Abuse Regulations (EU) No. 596/2014 (“MAR”). Upon the publication of this announcement via Regulatory Information Service (“RIS”), this inside information is now considered to be in the public domain.

For more information about related Opportunities and Key Players visit Egypt Oil and Gas Projects

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Related Articles: Accounting, Statistics  Acquisitions and Divestitures  Asset Portfolio Management  Economics/Financial Analysis  General  Insurance  Investment  Mergers and Acquisitions  Risk Management 


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