Mosman Oil and Gas Limited (AIM: MSMN) the oil exploration, development, and production company, announces that it has received notification to exercise warrants over a total of 37,500,000 new Ordinary Shares of no par value in the share capital of the Company (the ‘Warrant Shares’) at a price of 0.15 pence per share.
The funds from the exercise of the warrants of circa AUD 101,000 will be added to Mosman’s existing cash reserves.
Total Voting Rights
Application will be made to the London Stock Exchange plc for 37,500,000 new Ordinary Shares to be admitted to trading on the AIM market (“Admission”) with Admission expected to occur on or around 11 February 2021. The new Ordinary Shares will rank pari passu in all respects with the existing Ordinary Shares including the right to receive any dividend or other distribution thereafter declared, made or paid. There are no Ordinary Shares held in treasury. Following Admission of the 37,500,000 new Ordinary Shares the total number of voting rights in the Company will be 2,636,513,052.
Consequently, the above figure may be used by shareholders in the Company 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 Company’s Constitution.
Market Abuse Regulation (MAR) Disclosure
Certain information contained in this announcement would have been deemed inside information for the purposes of Article 7 of Regulation (EU) No 596/2014 until the release of this announcement.
Mosman Oil & Gas Limited
John W Barr, Executive Chairman
Andy Carroll, Technical Director
NOMAD and Joint Broker
SP Angel Corporate Finance LLP
Stuart Gledhill / Richard Hail / Adam Cowl
+44 (0) 20 3470 0470
+44 (0) 20 3405 0205
+44 (0) 7525 324431
Updates on the Company’s activities are regularly posted on its website: www.mosmanoilandgas.com