Business
Capital Structure and Helium Update
Capital Structure and Helium Update.
About this update from Quantum Helium Limited
[{"type":"text","content":"\n\n5 August 2024\nMosman Oil and Gas Limited\n(\"Mosman\" or the \"Company\")\nCapital Structure and Helium Update\nMosman Oil and Gas Limited (AIM: MSMN) the helium, hydrogen and hydrocarbon exploration, development and production company, announces an updated summary of its capital structure, following recent warrant exercises and consequent share issues and a short helium project update.\n \nShares\n \nNumber of Shares in issue: 15,151,362,930 (as at 1 August 2024)\nPercentage of Shares not in public hands: 1.25%\nNumber of Shares not in public hands: 190,110,623\n \nWarrants\n \n\n\n\n\nNumber of Warrants\n\n\nExercisable at\n\n\nExpiry Date\n\n\n\n\n180,000,000\n\n\n0.025p\n\n\n5 December 20251\n\n\n\n\n120,000,000\n\n\n0.025p\n\n\n8 February 20262\n\n\n\n\n63,157,895\n\n\n0.025p\n\n\n14 February 2026\n\n\n\n\n428,571,428\n\n\n0.07p\n\n\n20 July 2025\n\n\n\n\n571,428,571\n\n\n0.15p\n\n\n2 November 2024\n\n\n\n\n \n1. Of the 1,000,000,000 warrants issued, 820,000,000 (82%) have been exercised, resulting in £205,000 in additional capital contributions received by Mosman.\n2. Of the 1,200,000,000 warrants issued, 1,080,000,000 (90%) have been exercised, resulting in £270,000 in additional capital contributions receiv Mosman.\n \nShares Issued to Vecta Oil & Gas Ltd\n \nFurther to the announcement on 23 July 2024, Mosman confirms that 650,000,000 shares have been issued to Vecta Oil & Gas Ltd (\"Vecta\"). These shares reflect a 4.3% holding and are not subject to a lock-in or other restrictions.\n \nWilliam Untiedt, Executive Vice President of Vecta commented: \"Vecta is excited about Mosman's prospects and remains a supportive shareholder.\"\n \nEP(A) 155 Farmin Partner Update\n \nMosman noted its EP(A) 155 farmin partner parent company, Georgina Energy Plc (\"Georgina\", LSE:GEX) has successfully raised £5 million and has published a prospectus with a Competent Persons Report that details of their two Australian projects including the Mount Winter Prospect in EP(A) 155: https://www.londonstockexchange.com/news-article/GEX/completion-of-acquisition-of-georgina-energy-plc/16591828\n \nGeorgina notes: \"The Mount Winter Prospect hosts unrisked 2U Prospective (Recoverable) Resources of c.148 BCFG (148 million MCF) of helium and c.135 BCFG (135 millio...