Business
Eco (Atlantic) Oil and Gas Ltd Announces Direct Equity Subscription & Issue of Warrants
NOT FOR RELEASE, PUBLICATION OR DISTRIBUTION, IN WHOLE OR IN PART, DIRECTLY OR INDIRECTLY, IN, INTO OR FROM THE UNITED STATES, CANADA, AUSTRALIA, JAPAN OR THE REPUBLIC OF SOUTH AFRICA OR ANY OTHER JURISDICTION IN WHICH SUCH RELEASE, PUBLICATION OR ...
About this update from Eco (atlantic) Oil & Gas Ltd.
[{"type":"text","content":"NOT FOR RELEASE, PUBLICATION OR DISTRIBUTION, IN WHOLE OR IN PART, DIRECTLY OR INDIRECTLY, IN, INTO OR FROM THE UNITED STATES, CANADA, AUSTRALIA, JAPAN OR THE REPUBLIC OF SOUTH AFRICA OR ANY OTHER JURISDICTION IN WHICH SUCH RELEASE, PUBLICATION OR DISTRIBUTION WOULD BE UNLAWFUL.","length":279,"tagName":"p"},{"type":"text","content":"THIS ANNOUNCEMENT CONTAINS INSIDE INFORMATION FOR THE PURPOSES OF THE MARKET ABUSE REGULATION (EU No. 596/2014) ("MAR"). UPON THE PUBLICATION OF THIS ANNOUNCEMENT VIA A REGULATORY INFORMATION SERVICE, THIS INSIDE INFORMATION IS NOW CONSIDERED TO BE IN THE PUBLIC DOMAIN.","length":280,"tagName":"p"},{"type":"text","content":"Direct Equity Subscription of US$10 million and Issue of Warrants","length":65,"tagName":"p"},{"type":"text","content":"TORONTO, ONTARIO / ACCESS Newswire / January 23, 2026 / Eco (Atlantic) Oil & Gas Ltd. (AIM:ECO)(TSX-V:EOG) is pleased to announce it has entered into binding agreements with Israeli based institutional investors (together, the "Subscribers") to subscribe for new common shares in the capital of the Company ("Common Shares") (the "Subscription" or the "Private Placement").","length":417,"tagName":"p"},{"type":"text","content":"Pursuant to the non-brokered Private Placement, the Company expects to raise aggregate gross proceeds of US$10 million (approximately £7.4 million, CAD $13.8 million) through the issue of 26,909,091 new Common Shares (the "Subscription Shares") at an issue price of 27.5 pence (CAD 0.51) per share (the "Issue Price"), being the closing price of the Company's Common Shares on AIM on 22 January 2026.","length":424,"tagName":"p"},{"type":"text","content":"In addition, the Company will issue one warrant for each Subscription Share (the "Warrants"). Each Warrant will entitle the holder to subscribe for one new Common Share at an exercise price of 40 pence (CAD 0.74) per share and will be exercisable for a period of three years from the date of issue.","length":308,"tagName":"p"},{"type":"text","content":"The Subscription Shares will, when issued, rank pari passu in all respects with the existing Common Shares, including, without limitation, the right to receive dividends and other distributions declared, made or paid after the date of issue.","length":241,"tagNa...