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 70,000,000 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 192,000 will be added to Mosman’s existing cash reserves.
Total Voting Rights
Application will be made to the London Stock Exchange plc for 70,000,000 new Ordinary Shares to be admitted to trading on the AIM market (“Admission”) with Admission expected to occur on or around 17 June 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 70,000,000 new Ordinary Shares the total number of voting rights in the Company will be 3,754,013,052.
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 in their interest in, the share capital of the Company under the Company’s Constitution.
Market Abuse Regulation (MAR) Disclosure
The information contained within this announcement is deemed by the Company to constitute inside information as stipulated under the Market Abuse Regulations (EU) No. 596/2014 as it forms part of UK domestic law by virtue of the European Union (Withdrawal) Act 2018 (‘MAR’). Upon the publication of this announcement via Regulatory Information Service (‘RIS’), this inside information is now considered to be in the public domain.
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