Business
Arrow Announces Total Voting Rights (TVR) Update
Calgary, Alberta--(Newsfile Corp. - September 1, 2023) - Arrow Exploration Corp. (AIM: AXL) (TSXV...
About this update from Arrow Exploration Corp.
[{"type":"text","content":"Arrow Announces Total Voting Rights (TVR) UpdateCalgary, Alberta--(Newsfile Corp. - September 1, 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, is pleased to announce that it has issued 4,856,204 Common Shares (the \"New Common Shares\") in the month of August 2023 pursuant to the exercise of warrants issued at the Company's offering in October 2021. All of the New Common Shares issued during the month were issued under the Company's existing block listing entitlement. Following the issue of the New Common Shares, the issued share capital of the Company comprises 239,931,097 Common Shares with one vote per share. This figure can be used by shareholders as the denominator for the calculations by which to determine if they are required to notify their interest in, or a change to their interest in, the Company under the FCA's Disclosure and Transparency Rules. Additionally, and as at the end of August 2023, the Company still has 46,308,251 warrants outstanding to be exercised until October and November of this year. For further Information, contact:Arrow ExplorationMarshall Abbott, CEO+1 403 651 5995Joe McFarlane, CFO+1 403 818 1033Brookline Public Relations, Inc. Shauna MacDonald +1 403 538 5645Canaccord Genuity (Nominated Advisor and Joint Broker)Henry Fitzgerald-O'ConnorJames AsensioGordon Hamilton +44 (0)20 7523 8000Auctus Advisors (Joint Broker)Jonathan Wright Rupert Holdsworth Hunt+44 (0)7711 627449Camarco (Financial PR)Andrew Turner Rebecca WaterworthBilly Clegg+44 (0)20 3781 8331About 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 holde...