Business
Admission to Main Market and First Day of Dealings
Admission to Main Market and First Day of Dealings.
About this update from Corpus Resources Plc
[{"type":"text","content":"\n \nRNS Number : 6188S Curzon Energy PLC 04 October 2017 \n\nNOT FOR RELEASE, DISTRIBUTION OR PUBLICATION, IN WHOLE OR IN PART, DIRECTLY OR INDIRECTLY, IN OR INTO THE UNITED STATES, AUSTRALIA, CANADA, JAPAN OR SOUTH AFRICA OR ANY OTHER JURISDICTION WHERE IT IS UNLAWFUL TO DISTRIBUTE THIS ANNOUNCEMENT.\n \nThis announcement is an advertisement and not a prospectus. It does not constitute or form part of, and should not be construed as, an offer to sell or issue, or a solicitation of any offer to buy or subscribe for, any securities, nor should it or any part of it form the basis of, or be relied on in connection with, any contract or commitment whatsoever.\n \n \n4 October 2017\n \nCurzon Energy Plc\n(\"Curzon Energy\" or the \"Company\")\n \nAdmission to Main Market and First Day of Dealings\n \nCurzon Energy Plc, an energy company pursuing a targeted acquisition strategy, is pleased to announce the admission of its entire issued and to be issued ordinary share capital (the \"Ordinary Shares\") to the Standard List segment of the Official List of the UK Listing Authority and to trading on the Main Market for listed securities of the London Stock Exchange (\"Admission\") at 08:00am on 4 October 2017 under the TIDM CZN.\n \nHighlights\n \n· Admission of the Ordinary Shares to the Official List and to trading on the Main Market of the London Stock Exchange.\n \n· Placing of 23,265,000 new Ordinary Shares at 10 pence per share to raise £2,326,500 (before expenses) and an initial market capitalisation of £7,259,470.\n \n· Curzon Energy has acquired 100% of Coos Bay Energy LLC, owner and operator of c. 45,370 acres of coalbed methane (\"CBM\") leases, (\"Coos Bay CBM project\") targeting first gas by the end of 2017:\n \no 2C Contingent Resources of 273.5 bcf of CBM gas with over 400 potential well locations in total identified as per independent CPR.\n \no All necessary permits in place to commence operations.\n \no Proceeds used to connect 5 existing wells to sales line and to drill 2 new wells (Phase I) to deliver first gas and up to $1m of annual operating cashflow within 6 months of listing and NAV of over $30m by end of year 1.\n \no Average cost for a new...