Nostra Terra Oil & Gas Company PLC Issue of Equity (1369E)
14 July 2016 - 4:00PM
UK Regulatory
TIDMNTOG
RNS Number : 1369E
Nostra Terra Oil & Gas Company PLC
14 July 2016
14 July 2016
Nostra Terra Oil and Gas Company plc
("Nostra Terra" or the "Company")
Issue of Equity
Nostra Terra (AIM:NTOG), the oil and gas exploration and
production company with a portfolio of assets in the USA and Egypt,
is pleased to announce that it has raised gross proceeds of
GBP250,000 via the placing of 12,500,000 new ordinary shares of 0.1
pence each in the Company ("Ordinary Shares") at 2 pence per
Ordinary Share (the "Placing Shares") (the "Placing"). The Placing
Shares will rank pari passu in all respects with the Ordinary
Shares.
The net proceeds of the Placing will allow the Company to
continue to proactively seek out additional acquisition
opportunities and will put the board in a stronger position of
negotiation while it awaits the $2.1m proceeds from the sale of the
Chisholm Trail asset, as announced on 29 June 2016 and 8 July
2016.
Smaller Company Capital Ltd, an appointed representative of
Vicarage Capital Ltd, acted for Nostra Terra in the Placing, which
is conditional upon receipt of funds and admission of the Placing
Shares to trading on AIM. Vicarage Capital Ltd has been appointed
as co-broker to the Company with immediate effect.
Admission to Trading and Total Voting Rights
Application will be made to the London Stock Exchange for
admission of the Placing Shares to trading on AIM ("Admission") and
it is expected that Admission will take place and that trading will
commence on AIM on or around 28 July 2016.
Following Admission, the Company will have 94,706,954 Ordinary
Shares in issue with each share carrying the right to one vote. The
Company has no Ordinary Shares held in treasury. The total number
of voting rights in the Company following Admission will therefore
be 94,706,954. This figure 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.
This announcement contains inside information.
For further information, visit www.ntog.co.uk or contact:
Nostra Terra Oil and Gas Company
plc
Matt Lofgran, CEO +1 480 993 8933
Strand Hanson Limited
(Nominated & Financial Adviser +44 (0) 20 7409
and Joint Broker) 3494
Rory Murphy / Ritchie Balmer
Vicarage Capital Limited (Joint
Broker) +44 (0) 20 3651
Rupert Williams / Jeremy Woodgate 2910
Cornhill Capital Limited (Joint +44 (0) 20 7710
Broker) 9610
Nick Bealer / Colin Rowbury
+44 (0) 20 7933
Walbrook PR (Financial PR) 8797
Gary Middleton / Nick Rome
This information is provided by RNS
The company news service from the London Stock Exchange
END
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