SDX Energy Inc. Closing of Second Tranche of Announced Placement (0568F)
July 25 2016 - 2:00AM
UK Regulatory
TIDMSDX
RNS Number : 0568F
SDX Energy Inc.
25 July 2016
SDX ENERGY INC. ANNOUNCES CLOSING OF SECOND TRANCHE OF
PREVIOUSLY ANNOUNCED PRIVATE PLACEMENT
London, England, July 25, 2016 - SDX Energy Inc. ("SDX" or the
"Company") (TSX-V / AIM: SDX), 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 (the "Placement
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.
ABOUT SDX
SDX is an international oil and gas exploration, production and
development company, headquartered in London, England, UK, with a
principal focus on Egypt. In Egypt, SDX has an interest in two
production concessions: NW Gemsa and West Gharib (Meseda) both
located in the Eastern Desert. SDX's portfolio also consists of
South Ramadan, a development asset in the Gulf of Suez; South
Disouq, an exploration asset in the Nile Delta. For further
information please see the website of the Company at
www.sdxenergy.com or the Company's filed documents at
www.sedar.com.
ENQUIRIES
SDX Energy Inc.
Paul Welch Mark Reid
President and Chief Executive Officer Chief Financial Officer
Tel: +44 203 219 5640 Tel: +44 203 219 5640
Cantor Fitzgerald Europe (Nominated Adviser & Joint
Broker)
Sarah Wharry/Craig Francis
Tel: +44 207 7894 7000
FirstEnergy Capital LLP (Joint Broker)
Jonathan Wright/David van Erp
Tel: +44 207 448 0200
Celicourt Communications
Mark Antelme
Tel: +44 20 7520 9266
This information is provided by RNS
The company news service from the London Stock Exchange
END
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