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Eco (Atlantic) Oil and Gas Ltd Announces Exercise of Warrants and Options
TORONTO, ON / ACCESSWIRE / January 25, 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 Warrants and OptionsTORONTO, ON / ACCESSWIRE / January 25, 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 received an exercise notice from Brandon Hill Capital Limited (\"Brandon Hill\") for the exercise of warrants over 1,090,313 common shares of no par value (\"Common Shares\") due to expire on 8 February 2019 (the \"Warrants\").Brandon Hill was granted the Warrants in connection with its role as Broker for the Company's dual listing on AIM in February 2017. The Warrants were exercisable for two years at a price of 19.2p per Common Share. Accordingly, Eco has received £209,340 in respect of the Warrant exercise and Brandon Hill holds no further warrants in the Company.The Company also announces that it has issued 50,000 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$15,000.Application has been made for admission of the 1,090,313 new Common Shares in respect of the Warrants and the 50,000 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 31 January 2019.Following Admission, the enlarged issued share capital of the Company will be 161,225,530 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 Brandon Hill Capital Limited (Joint Broker) +44 (0) 20 3463 5000 Oliver Stansfield Jonathan Evans Pareto Securities Limited (Joint Broker) +44 (0) 20 7786 4370 Soren Clausen +44 (0) 20 7786 4382 Davide Finelli Matilda Mäkitalo +44 (0) 20 7786 4398 +44 (0) 20 7786 ...