Nostra Terra Oil & Gas Company PLC Exercise of Warrants and Block Listing Application (5775Z)
December 18 2017 - 2:00AM
UK Regulatory
TIDMNTOG
RNS Number : 5775Z
Nostra Terra Oil & Gas Company PLC
18 December 2017
Nostra Terra Oil and Gas Company plc
("Nostra Terra" or the "Company")
Exercise of Warrants
Block Listing Application
Nostra Terra (AIM:NTOG) announces that it has received notice of
the exercise of 3,086,000 warrants at 3 pence per share pursuant to
the issue of 25,000,000 warrants as announced on 19 April 2017
("Warrants"), in conjunction with the issue of 25,000,000 new
ordinary shares of 0.1p per share in the Company ("Ordinary
Shares"). The Company has applied to the London Stock Exchange for
the admission of 3,086,000 new Ordinary Shares to trading on AIM,
which is expected to take place on 21 December 2017. The Ordinary
Shares in issue and admitted to trading on AIM will then be
125,115,017.
In addition, Nostra Terra has today applied for the block
listing of up to 21,914,000 new Ordinary Shares in accordance with
the block listing process under Rule 29 of the AIM Rules to cover
the potential exercise of the remaining Warrants. The Ordinary
Shares subject to the block admission will not be allotted
immediately, but rather will be issued and allotted on exercise of
the Warrants from time to time. On issue, these new Ordinary Shares
will be issued as fully paid and will rank pari passu in all
respects with the existing Ordinary Shares of the Company. The
Company will announce the number of any Ordinary Shares granted and
admitted under the block listing at the end of each calendar month
and on 20 April 2018, the final date for exercise of the Warrants.
The expected effective date of admission of these securities to AIM
is on 21 December 2017.
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").
For further information, visit www.ntog.co.uk or contact:
Nostra Terra Oil and Gas
Company plc
Matt Lofgran, CEO Tel: +1 480 993 8933
Strand Hanson Limited
(Nominated & Financial
Adviser and Joint Broker)
Rory Murphy / Ritchie
Balmer / Jack Botros Tel: +44 (0) 20 7409 3494
Smaller Company Capital
Limited (Joint Broker)
Rupert Williams / Jeremy
Woodgate Tel: +44 (0) 20 3651 2910
-Ends-
This information is provided by RNS
The company news service from the London Stock Exchange
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