Arrow Exploration Corp. Block Listing Update (1125S)
02 November 2023 - 6:00PM
UK Regulatory
TIDMAXL
RNS Number : 1125S
Arrow Exploration Corp.
02 November 2023
NOT FOR RELEASE, DISTRIBUTION, PUBLICATION, DIRECTLY OR
INDIRECTLY, IN WHOLE OR IN PART, IN OR INTO OR FROM THE UNITED
STATES, AUSTRALIA, JAPAN, THE REPUBLIC OF SOUTH AFRICA OR ANY OTHER
JURISDICTION WHERE TO DO SO MIGHT CONSTITUTE A VIOLATION OF THE
RELEVANT LAWS OR REGULATIONS OF SUCH JURISDICTION.
ARROW ANNOUNCES BLOCKLISTING UPDATE
CALGARY, November 2, 2023 - Arrow Exploration Corp. (AIM: AXL;
TSXV: AXL) ("Arrow" or the "Company") the high-growth operator with
a portfolio of assets across key Colombian hydrocarbon basins
provides the following update in accordance with Schedule Six of
the AIM Rules for Companies regarding its existing block listing
arrangements.
Name of company Arrow Exploration Corp.
Name of scheme Arrow block listing (for warrants
exercising)
----------------------------------
Period of return (from/ to) May 9, 2023 to November 1, 2023
----------------------------------
Number and Class of Securities 20,643,247 common shares of no
not issued at the start of the par value
period under the scheme
----------------------------------
Plus: The amount for which a Nil
blocklisting application has
been made since the last date
of return
----------------------------------
Less: Number of securities issued 20,643,247 Common Shares
under the scheme during the period
----------------------------------
Equals: Balance under the scheme Nil
of securities not yet issued
at the end of the period
----------------------------------
Number and class of securities 40,000,000 Common Shares admitted
originally admitted and the date on 8 November 2022
of admission
----------------------------------
For further Information, contact:
Arrow Exploration
Marshall Abbott, CEO +1 403 651 5995
Joe McFarlane, CFO +1 403 818 1033
Brookline Public Relations, Inc.
Shauna MacDonald +1 403 538 5645
Canaccord Genuity (Nominated Advisor
and Joint Broker)
Henry Fitzgerald-O'Connor
James Asensio
Gordon Hamilton +44 (0)20 7523 8000
Auctus Advisors (Joint Broker)
Jonathan Wright (Corporate) + 44 (0)7711 627449
Rupert Holdsworth Hunt (Broking)
Camarco (Financial PR)
Andrew Turner +44 (0)20 3781 8331
Rebecca Waterworth
Kirsty Duff
About Arrow Exploration Corp.
Arrow Exploration Corp. (operating in Colombia via a branch of
its 100% owned subsidiary Carrao Energy S.A.) is a publicly traded
company with a portfolio of premier Colombian oil assets that are
underexploited, under-explored and offer high potential growth. The
Company's business plan is to expand oil production from some of
Colombia's most active basins, including the Llanos, Middle
Magdalena Valley (MMV) and Putumayo Basin. The asset base is
predominantly operated with high working interests, and the
Brent-linked light oil pricing exposure combines with low royalties
to yield attractive potential operating margins. By way of a
private commercial contract with the recognized interest holder
before Ecopetrol S.A., Arrow is entitled to receive 50% of the
production from the Tapir block. The formal assignment to the
Company is subject to Ecopetrol's consent. Arrow's seasoned team is
led by a hands-on executive team supported by an experienced board.
Arrow is listed on the AIM market of the London Stock Exchange and
on TSX Venture Exchange under the symbol "AXL".
Forward-looking Statements
This news release contains certain statements disclosures
relating to Arrow that are based on the expectations of its
management as well as assumptions made by and information currently
available to Arrow which may constitute forward-looking statements
information ("forward-looking statements") under applicable
securities laws. All such statements and disclosures, other than
those of historical fact, which address activities, events,
outcomes, results or developments that Arrow anticipates or expects
may occur in the future (in whole in part) should be considered
forward-looking statements. In some cases, forward-looking
statements can be identified by the use of the words "continue",
"expect", "opportunity", "plan", "potential" and "will" and similar
expressions. The forward-looking statements contained in this news
release reflect several material factors and expectations and
assumptions of Arrow, including without limitation, Arrow's
evaluation of the impacts of COVID-19, the potential of Arrow's
Colombian and/Canadian assets (any of them individually), the
prices of oil and/natural gas, and Arrow's business plan to expand
oil and gas production and achieve attractive potential operating
margins. Arrow believes the expectations and assumptions reflected
in the forward-looking statements are reasonable at this time, but
no assurance can be given that these factors, expectations, and
assumptions will prove to be correct.
The forward-looking statements included in this news release are
not guarantees of future performance and should not be unduly
relied upon. Such forward-looking statements involve known and
unknown risks, uncertainties and other factors that may cause
actual results or events to differ materially from those
anticipated in such forward-looking statements. The forward-looking
statements contained in this news release are made as of the date
hereof and the Company undertakes no obligations to update or
publicly revise any forward-looking statements, whether as a result
of new information, future events or otherwise, unless so required
by applicable securities laws.
Neither TSX Venture Exchange nor its Regulation Services
Provider (as that term is defined in policies of the TSX Venture
Exchange) accepts responsibility of the adequacy accuracy of this
release.
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END
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