Business
Eco (Atlantic) Oil and Gas Ltd. Announces Completion of Direct Equity Subscription of US$10m
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":"TORONTO, ONTARIO / ACCESS Newswire / January 29, 2026 / Eco (Atlantic) Oil & Gas Ltd. ("Eco", "Company", "Eco" or, together with its subsidiaries, the "Group") (AIM:ECO)(TSX-V:EOG) is pleased to confirm, that further to its announcement on 23 January 2026, following conditional approval from the TSX Venture Exchange, all conditions save for Admission have been satisfied, pursuant to the previously announced Subscription of 26,909,091 new common shares (the "Subscription Shares") at an issue price of 27.5 pence (CAD 0.51) per share and the issuance of 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 Admission. Admission of the Subscription Shares to AIM will take place at 8.00am (GMT) on 30 January 2026.","length":983,"tagName":"p"},{"type":"text","content":"Following Admission, the issued share capital of the Company will be 342,141,027 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 FCA's Disclosure Guidance and Transparency Rules.","length":390,"tagName":"p"},{"type":"text","content":"Full terms of the Subscription can be found in the Company's announcement titled "Direct Equity Subscription of US$10 million and Issue of Warrants" dated 23 January 2026, and all defined terms used i...