FOG Falcon Oil & Gas Ltd.

 
TIDMFOG 
 
 
   12 July 2017 - Falcon Oil & Gas Ltd. (TSXV: FO, AIM: FOG, ESM: FAC) 
announces that it has been notified of a transfer between two companies 
acting in concert whereby Renova Assets Limited (the "Seller") has 
transferred its entire 157,083,634 common shares of Falcon (the 
"Shares"), representing 16.89% of Falcon's issued and outstanding Shares, 
to Lamesa Holdings S.A. (the "Purchaser") for an aggregate consideration 
of CDN$65,078,745 or CDN$0.4143 per Share. The ultimate beneficial owner 
of the Purchaser is the same person that is a beneficiary under a 
certain discretionary trust arrangement (pursuant to which the trustee 
under such trust arrangement holds a legal interest of 90% of all issued 
and outstanding capital of the Seller and has complete discretion over 
management of any trust property and distributions in favour of the 
trust beneficiaries). 
 
   CONTACT DETAILS: 
 
 
 
 
Falcon Oil & Gas Ltd.       +353 1 676 8702 
Joachim Conrad, Chairman    +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 and 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. 
 
   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

July 12, 2017 02:00 ET (06:00 GMT)

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