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Eco (Atlantic) Oil and Gas Ltd Announces Exercise of Options and Warrants
TORONTO, ON / ACCESSWIRE / May 17, 2019 / Eco (Atlantic) Oil & Gas Ltd. ("Eco", "Eco Atla...
About this update from Eco (atlantic) Oil & Gas Ltd.
[{"type":"text","content":"Eco (Atlantic) Oil and Gas Ltd Announces Exercise of Options and WarrantsTORONTO, ON / ACCESSWIRE / May 17, 2019 / Eco (Atlantic) Oil & Gas Ltd. (\"Eco\", \"Eco Atlantic\", \"Company\" or, together with its subsidiaries, the \"Group\") (AIM: ECO, TSX-V: EOG), the oil and gas exploration company with licences in highly prospective regions in Guyana and Namibia, announces that it has issued 241,250 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$72,375. The exercisers hold no further options.The Company has also received an exercise notice for the exercise of warrants over 592,498 common shares of no par value at a price of £0.16 per common share (the \"Warrant Exercise\"). Accordingly, Eco has received £94,800 in respect of Warrant Exercise and will issue 592,498 new common shares (\"Warrant Shares\"). The warrant holder has no further warrants.Application has been made for admission of the, in aggregate, 833,748 Option Shares and the Warrant 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 24 May 2019.Following Admission, the enlarged issued share capital of the Company will be 181,398,973 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.**ENDS**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, 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) 20 713...