Business
Exercise of Warrants and Issue of Equity
Exercise of Warrants and Issue of Equity.
About this update from Buccaneer Energy Plc
[{"type":"text","content":"\n Nostra Terra Oil and Gas Company plc\n ('NTOG' or the 'Company')\n\n Exercise of Warrants and Issue of Equity\n\n25 February 2008\n\nThe Company today announces the issue of 2,000,000 ordinary shares in the\nCompany with a nominal value of 0.1p each (the `New Ordinary Shares') pursuant\nto a series of exercises of Founders' Warrants to subscribe for ordinary shares\nin the Company at an exercise price of 0.1p per New Ordinary Share.\n\n333,333 of the New Ordinary Shares have been issued to Stephen Oakes, non-\nexecutive director of the Company. As a result, Mr. Oakes is now interested in\n8,666,666 ordinary shares in the Company. This holding represents 2.35% of the\nCompany's issued share capital.\n\nThe Company also hereby announces that the exercise period of the 2,500,000 A\nWarrants held by Falcon Securities (UK) Limited (\"Falcon\"), a company of which\nStephen Oakes is a director, has been extended for a further two years to 23\nFebruary 2010. The exercise period has been extended in consideration of\nFalcon's services as the Company's broker.\n\nFollowing the issue and allotment of the 2,000,000 New Ordinary Shares, the\nCompany will have 368,424,522 ordinary shares in issue.\n\nApplication has been made for the New Ordinary Shares to be admitted to trading\non AIM on 29 February 2008.\n\n\n\nFor further information contact:\n\nNostra Terra Oil and Gas Company plc\nBrian Courtney, Chief Executive Officer [email protected]\nStephen Oakes, Non-executive Director Tel: +44 (0)207 877 8788\n\n\nBlomfield Corporate Finance Limited Tel: +44 (0)20 7512 0191\nAlan MacKenzie\nBen Jeynes \n ","length":1759,"tagName":"div"}]