Business
Director Increases Participation in Fundraise
Director Increases Participation in Fundraise.
About this update from Buccaneer Energy Plc
[{"type":"text","content":"\n\n \n \nNostra Terra Oil and Gas Company Plc\n(\"Nostra Terra\", \"NTOG\" or \"the Company\")\n \n2 August 2024\n \nDirector Increases Participation in Fundraise\nNostra Terra (AIM: NTOG), an international oil and gas exploration and production company with development and production assets in Texas, USA, is pleased to announce that James F. Newman, an NTOG Board member, has increased his participation in the recent fundraising announced on 29 July 2024. Mr. Newman has subscribed for an additional 40,000,000 new ordinary shares at a price of 0.03p per share (the \"Placing Price\") (the \"Additional Fundraise Shares\"), increasing his total participation in the fundraising to 140,000,000 new ordinary shares.\nThe Additional Fundraise Shares increase the size of the original amount raised from £450,000 to £462,000 (before expenses) through an aggregate subscription and placing of 1,539,999,998 new ordinary shares (\"Fundraise Shares\") at the Placing Price (the \"Fundraise\").\nApplication for Admission and Total Voting Rights\nAn application will be made to the London Stock Exchange for the additional 40,000,000 new ordinary shares to be admitted to trading on AIM (\"Admission\"); it is expected that Admission will become effective on or around 8 August 2024.\nIn accordance with the FCA's Disclosure Guidance and Transparency Rules, the Company confirms that on issue of the Additional Fundraise Shares and following Admission, the Company's enlarged issued ordinary share capital will comprise 2,561,520,532 Ordinary Shares.\nThe Company does not hold any Ordinary Shares in Treasury. Therefore, following Admission, the above figure may be used by shareholders in the Company as the denominator for the calculations 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 Guidance and Transparency Rules.\nDirector's participation\nMr Newman has subscribed for the following Additional Fundraising Shares:\n\n\n\n\nDirector\n\n\nAdditional Subscription amount\n\n\nTotal Number of new ordinary shares\n\n\nResultant shareholding\n\n\nResultant interest in enlarged share capital\n\n\n\n\nJim Newman\n\n\n£12,000\n\n\n40,000,000\n\n\n255,000,000*\n\n\n9.96%\n\n\n\n\n*including 215,000,000 existing ordinary shares held by Dos Hermanos Inter...