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Eco (Atlantic) Oil and Gas Ltd. Announces Directors' Dealings and Total Voting Rights
TORONTO, ON / ACCESSWIRE / November 21, 2019 / Eco (Atlantic) Oil & Gas Ltd. (AIM:ECO, TS...
About this update from Eco (atlantic) Oil & Gas Ltd.
[{"type":"text","content":"Eco (Atlantic) Oil and Gas Ltd. Announces Directors' Dealings and Total Voting RightsTORONTO, ON / ACCESSWIRE / November 21, 2019 / Eco (Atlantic) Oil & Gas Ltd. (AIM:ECO, TSX-V:EOG) (\"Eco\", \"Eco Atlantic\", \"Company\" or, together with its subsidiaries, the \"Group\") was today notified of the following purchases of common shares in the Company by its Directors: No. of common shares acquiredPriceResultant holdingNo. of common shares% of ISCMoshe Peterburg200,000£0.552511,507,3996.24Gil Holzman100,000£0.56858,415,1244.56Colin Kinley20,000CAD0.886,317,7943.43Gadi Levin19,000CAD0.9974975,0000.53Alan Friedman10,000CAD0.861,707,3100.93Kangulohi Helmut Angula7,000CAD0.861,255,8650.68Peter Nicol100,000£0.53831,642,6000.89Total Voting RightsSeparately, the Company would like to clarify its Total Voting Rights position as stated in previous announcements. On 28 February 2019 and 23 August 2019, the Company announced that it had awarded, in aggregate 6,030,000 Restricted Share Units (\"RSUs\") and that all of these RSUs had vested immediately and converted into common shares. The Company now wishes to clarify that 130,000 of these RSUs have yet to be converted into common shares. Following the exercise of options at a price of CAD 0.30 of 24 October 2019 by an external consultant, announced on 20 November 2019, a further 178,750 common shares have been issued (the \"Option Exercise\"). Application has been made for an additional 48,750 common shares pursuant to the Option Exercise (in light of the 130,000 unexercised RSUs) which will rank pari passu with existing Common Shares, to trading on AIM (\"Admission\") and it is expected that Admission will become effective and trading will commence at 8:00 a.m. on 28 November 2019. Following Admission, the enlarged issued share capital of the Company will be 184,447,723 common shares (\"ISC\"). The above figure may be used by shareholders 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 Disclosure and Transparency Rules.For more information, please visit www.ecooilandgas.com or contact the following:Eco Atlantic Oil and Gas+1 (416) 250 1955Gil Holzman, CEOColin Kinley, COOAlice Carroll, Head of Marketing and IR+44 (0) 7817 295 ...