Business
Arrow Exploration Corp.: Director/PDMR Exercise of Options, Exercise of Warrants and Total Voting Rights
Calgary, Alberta--(Newsfile Corp. - April 6, 2022) - Arrow Exploration Corp. (AIM: AXL) (TSXV:...
About this update from Arrow Exploration Corp.
[{"type":"text","content":"Arrow Exploration Corp.: Director/PDMR Exercise of Options, Exercise of Warrants and Total Voting RightsCalgary, Alberta--(Newsfile Corp. - April 6, 2022) - Arrow Exploration Corp. (AIM: AXL) (TSXV: AXL), the high-growth operator with a portfolio of assets across key Colombian hydrocarbon basins, announces that, on 15 February 2022, Marshall Abbott (CEO) exercised, for cash, 400,000 options at C$0.05 per common share of no par value (\"Common Share\"), and on 16 February 2022 Max Satel, PDMR, exercised 375,000 options at C$0.05 per Common Share in return for the issue of 375,000 new Common Shares. Following the exercise of the Options, the Company shall have a total of 16,339,000 options in issue under the Plan.In addition to this, the Company announces that pursuant to the receipt of notice for the exercise of warrants issued in October 2021, it has issued 50,000 new Common Shares. Application has been made for a total of 425,000 new Common Shares to be admitted to trading on AIM (\"Admission\"). It is expected that Admission will occur on 11 April 2022. Following Admission, the Company will have 213,814,624 Common Shares in issue with voting rights and admitted to trading on AIM. This figure may be used as the denominator for the calculations by which they will determine if they are required to notify their interest in, or a change to, their interest in the share capital of the Company under the Financial Conduct Authority's Disclosure Guidance and Transparency Rules.For further Information, contact:Arrow ExplorationMarshall Abbott, CEO +1 403 651 5995Max Satel, EVP Corporate Development & Investor Relations +1 416 904 2258Arden Partners (Joint Broker and Nominated Adviser)Ruari McGirr / Richard Johnson (Corporate) +44 (0)20 7614 5900Seb Wykeham / Simon Johnson (Broking)Auctus Advisors (Joint Broker)Jonathan Wright (Corporate) +44 (0)7711 627449Rupert Holdsworth Hunt (Broking)Camarco (Financial PR)James Crothers +44 (0)20 3781 8331Rebecca WaterworthBilly CleggAbout 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 under-exploited, under-explored and offer high potential growth. The Company's business plan is to expand oil production from some of Colombia's ...