Eco Atlantic Announces Completion of Subscription

Source: www.gulfoilandgas.com 7/9/2021, Location: Africa

Eco (Atlantic) Oil & Gas Ltd., an oil and gas exploration company with licences in the proven oil province of Guyana and the highly prospective basins of Namibia, is pleased to announce, further to its announcement on 28 June 2021, that it has received approval from the TSX Venture Exchange for its private placement with Africa Oil Corp. ("Africa Oil") and Charlestown Energy Partners LLC ("Charlestown Energy") to raise approximately CAD6.1m (the "Subscription"). The terms of the Subscription remain unchanged, save that the exercise price of the warrants to subscribe for new common shares has been increased to 0.47 CAD.

Application is being made to the London Stock Exchange for the 14,945,913 new common shares to be issued pursuant to the Subscription (the "Subscription Shares") to be admitted to trading on AIM ("Admission"). Admission is expected to take place on 15 July 2021. On Admission, the Company's total issued share capital will consist of 199,643,636 common shares with voting rights. The Company does not hold any common shares in treasury and accordingly there are no voting rights in respect of any treasury shares. The Subscription Shares will be fully paid and will rank pari passu in all respects with the Company's existing Common Shares.


Bermuda >>  7/1/2022 - DHT Holdings, Inc. has during the second quarter purchased 2,826,771 of its own shares — equivalent to 1.7% of its outstanding shares — at an average ...
Canada >>  7/1/2022 - Osisko Development Corp. announces that, as part of the Company’s annual compensation review, the Board of Directors has authorized the grant of an ag...

Greece >>  7/1/2022 - Performance Shipping Inc., a global shipping company specializing in the ownership of tanker vessels, announced that it has entered into an agreement ...
Iraq >>  7/1/2022 - Based on the initial statistics of the Iraqi Oil Marketing Company (SOMO), the Ministry of Oil has reported the total exports and revenues for the mon...

Monaco >>  7/1/2022 - Costamare Inc. has declared cash dividends of US $0.476563 per share on its 7.625% Series B Cumulative Redeemable Perpetual Preferred Stock (the “Seri...
Monaco >>  7/1/2022 - Eneti Inc. announced that Scorpio Holdings Limited (“SHL”), a related party, has purchased 288,697 common shares of the Company at an average price of...




Gulf Oil and Gas
Copyright © 2021 Universal Solutions All rights reserved. - Terms of Service - Privacy Policy.