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Eco (Atlantic) Oil and Gas Ltd. Announces Closing of Fundraising
TORONTO, ONTARIO / ACCESSWIRE / April 10, 2019 / Eco (Atlantic) Oil & Gas Ltd. (AIM: ECO,...
About this update from Eco (atlantic) Oil & Gas Ltd.
[{"type":"text","content":"Eco (Atlantic) Oil and Gas Ltd. Announces Closing of FundraisingTORONTO, ONTARIO / ACCESSWIRE / April 10, 2019 / Eco (Atlantic) Oil & Gas Ltd. (AIM: ECO, TSX-V: EOG), is pleased to announce the closing of the placing and subscription of shares as announced on 4 April 2019.The Company raised, in aggregate, US$17 million (£12.9 million, CAD22.6 million) before expenses through an oversubscribed placing and subscription of, in aggregate, 16,159,695 new common shares (the \"Common Shares\") of no par value in the capital of the Company.The Company's total issued share capital now consists of 180,565,225 Common Shares with voting rights. Formore information, please visit www.ecooilandgas.com orcontact the following: Eco Atlantic Oil and Gas +1 (416) 250 1955 Gil Holzman, CEO Colin Kinley, COO Alan Friedman, Director Strand Hanson Limited (Financial & Nominated Adviser) +44 (0) 20 7409 3494 James Harris Rory Murphy James Bellman Stifel Nicolaus Europe Limited (Joint Broker) Callum Stewart Nicholas Rhodes Ashton Clanfield +44 (0)20 7710 7600 Berenberg (Joint Broker) +44 (0) 20 3207 7800 Matthew Armitt Detlir Elezi Pareto Securities Limited (Joint Broker) +44 (0) 20 7786 4370 Søren Clausen +44 (0) 20 7786 4382 Davide Finelli Matilda Mäkitalo +44 (0) 20 7786 4398 +44 (0) 20 7786 4375 Blytheweigh (PR) +44 (0) 20 7138 3204 Tim Blythe Julia Tilley Jane Lenton Hannam & Partners (Research Advisor) Neil Passmore Hamish Clegg The information contained within this announcement is deemed by the Company to constitute inside information as stipulated under the Market Abuse Regulations (EU) No. 596/2014. Notes to editors About Eco Atlantic:Eco Atlantic is a TSX-V and AIM listed Oil & Gas exploration and production Company with interests in Guyana and Namibia where significant oil discoveries have been made.The Group aims to deliver material value for its stakeholders through oil exploration, appraisal and development activities in stable emerging markets, in partnership with major oil companies, including Tullow, Total and Azinam.In Guyana, Eco Guyana holds a 15% working interest alongside Total (25%) and Tullow Oil (60%) in the 1,800 km2Orinduik Block in the shallow water of the prospective Suriname-Guyana basin. The Orinduik Block is adjacent and updip to ExxonMobil and Hess Corporation's Stabroek Block, on which twe...