Mayan Energy Limited Issue of Equity (2116I)
20 March 2018 - 6:00PM
UK Regulatory
TIDMMYN
RNS Number : 2116I
Mayan Energy Limited
19 March 2018
Mayan Energy Ltd / Index: AIM / Epic: MYN/ ISIN: VGG6622A1057 /
Sector: Oil and Gas
19 March 2018
Mayan Energy Ltd ("Mayan" or "the Company")
Exercise of Warrants
The Company announces that it has received notice of the
exercise of warrants to subscribe for, and accordingly issued, a
total of 833,333 new ordinary shares in the Company (the "New
Ordinary Shares"). The exercise price of the warrants was 0.3
pence. The Company has received GBP2,500 in respect of this
exercise.
Application has been made for these New Ordinary Shares to be
admitted to trading on AIM and it is anticipated that trading in
such shares will commence on or around 21 March 2018.
Following Admission, the Company's enlarged issued share capital
will comprise 1,167,169,264 ordinary shares. The Company does not
hold any shares in treasury. This figure of 1,167,169,264 ordinary
shares may be used by shareholders in the Company as the
denominator for the calculations by which they will determine if
they are required to notify their interest in, or a change in their
interest in, the share capital of the Company under the FCA's
Disclosure and Transparency Rules.
**ENDS**
For further information visit www.Mayan energy.com or contact
the following:
+ 1 469 394
Eddie Gonzalez Mayan Energy Ltd 2008
+44 7971 444
Charlie Wood Mayan Energy Ltd 326
Beaumont Cornish +44 20 7628
Roland Cornish Ltd 3396
Beaumont Cornish +44 20 7628
James Biddle Ltd 3396
Cornhill Capital +44 20 7710
Nick Bealer Limited 9612
St Brides Partners +44 20 7236
Frank Buhagiar Limited 1177
St Brides Partners +44 20 7236
Gaby Jenner Limited 1177
Notes:
Mayan Energy Limited is an AIM listed (London Stock Exchange)
North American based energy Company. The Company is actively
pursuing a primary recovery oil strategy focused on re-stimulating
wells within mature producing basins with immediate cash flow
leveraging commercially available technologies and projects that
are shallow, low risk with low levels of capex and infrastructure
already in place. It also remains interested in creating
shareholder value by strategic investments in similar projects with
high cash generative potential and by forming beneficial
development partnerships that enable the use of pioneering and
leading extraction technologies. The Company is currently primarily
focussed on building out production at its Stockdale and Forest
Hill oil fields in Texas.
This information is provided by RNS
The company news service from the London Stock Exchange
END
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