Falcon Oil & Gas Ltd. Falcon Oil & Gas Ltd.: Director Dealing
21 February 2017 - 6:01PM
UK Regulatory
TIDMFOG
Director Dealing
21 February 2017 - Falcon Oil & Gas Ltd. (TSXV: FO, AIM: FOG, ESM: FAC)
("Falcon" or the "Company") announces that on 20 February 2017 Philip
O'Quigley, a director of the Company, gave notice to the Company of his
intention to exercise incentive stock options ("Options") to purchase an
aggregate of 6,000,000 common shares in the Company at a price of
CDN$0.10 per share.
The Options were granted to Mr O'Quigley on 1 May 2012 under Falcon's
approved stock option plan and were due to expire on 30 April 2017.
Mr O'Quigley will concurrently sell 4,500,000 shares through a placing
with an unrelated private investor at GBP 0.145 (equivalent to
CDN$0.237) per share. The closing price on the AIM market in London on
20 February 2017 was GBP 0.15.
Following the exercise of the 6,000,000 Options and subsequent sale of
the 4,500,000 common shares, Mr O'Quigley will have the following
shareholdings in the Company:
Number of Number of
Name Options Shares
Philip O'Quigley 14,000,000 3,013,696
For further information, please contact:
CONTACT DETAILS:
Falcon Oil & Gas Ltd. +353 1 676 8702
Philip O'Quigley, CEO +353 87 814 7042
Anne Flynn +353 1 676 8702
Davy (NOMAD & Broker)
John Frain / Anthony Farrell +353 1 679 6363
About Falcon Oil & Gas Ltd.
Falcon Oil & Gas Ltd is an international oil & gas company engaged in
the acquisition, exploration and development of conventional and
unconventional oil and gas assets, with the current portfolio focused in
Australia, South Africa and Hungary. Falcon Oil & Gas Ltd is
incorporated in British Columbia, Canada and headquartered in Dublin,
Ireland with a technical team based in Budapest, Hungary.
For further information on Falcon Oil & Gas Ltd. please visit
www.falconoilandgas.com
Neither the TSX Venture Exchange nor its Regulation Services Provider
(as that term is defined in the policies of the TSX Venture Exchange)
accepts responsibility for the adequacy or accuracy of this release.
Certain information in this press release may constitute forward-looking
information. This information is based on current expectations that are
subject to significant risks and uncertainties that are difficult to
predict. Actual results might differ materially from results suggested
in any forward-looking statements. Falcon assumes no obligation to
update the forward-looking statements, or to update the reasons why
actual results could differ from those reflected in the forward
looking-statements unless and until required by securities laws
applicable to Falcon. Additional information identifying risks and
uncertainties is contained in Falcon's filings with the Canadian
securities regulators, which filings are available at www.sedar.com.
This announcement is distributed by Nasdaq Corporate Solutions on behalf
of Nasdaq Corporate Solutions clients.
The issuer of this announcement warrants that they are solely
responsible for the content, accuracy and originality of the information
contained therein.
Source: Falcon Oil & Gas Ltd. via Globenewswire
http://www.falconoilandgas.com/
(END) Dow Jones Newswires
February 21, 2017 02:01 ET (07:01 GMT)
Copyright (c) 2017 Dow Jones & Company, Inc.
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