Business
Eco (Atlantic) Oil and Gas Ltd Announces Exercise of Options
TORONTO, ON / ACCESSWIRE / February 8, 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 Exercise of OptionsTORONTO, ON / ACCESSWIRE / February 8, 2019 / Eco (Atlantic) Oil & Gas Ltd. (AIM: ECO, TSX-V: EOG) the oil and gas exploration company with licenses in highly prospective regions in Guyana and Namibia, announces that it has issued 150,000 new common shares pursuant to an exercise of share options at a price of CAD$0.30 per common share (the \"Option Shares\") and for total proceeds of CAD$45,000. The exerciser holds no further options.Application has been made for admission of the 150,000 Option Shares, which will rank pari passu with existing Common Shares, to trading on AIM (\"Admission\"). It is expected that Admission will become effective and trading will commence at 8:00 a.m. on 14 February 2019.Following Admission, the enlarged issued share capital of the Company will be 161,375,530 Common Shares. 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 1955 Gil Holzman, CEO Colin Kinley, COO Alan Friedman, VP Strand Hanson Limited (Financial & Nominated Adviser) +44 (0) 20 7409 3494 James Harris Rory Murphy James Bellman Pareto Securities Limited (Broker) +44 (0) 20 7786 4370 Soren Clausen Davide Finelli Matilda Mäkitalo +44 (0) 20 7786 4382 +44 (0) 20 7786 4398 +44 (0) 20 7786 4375 Blytheweigh (PR) +44 (0) 20 7138 3204 Tim Blythe Julia Tilley Jane Lenton The information contained within this announcement is deemed by the Company to constitute inside information as stipulated under the Market Abuse Regulation (EU) No. 596/2014.Notes to editorsEco 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 Tullo...