Samson Oil & Gas Files US Proxy Statement
November 25 2015 - 6:00PM
Business Wire
Samson Oil & Gas Limited (ASX: SSN; NYSE MKT: SSN):
As a result of the shareholder votes at its Annual General
Meeting of shareholders held on October 30th, 2015, Samson is
required by Australian law to hold another shareholder meeting
within 90 days. At this “spill meeting,” the shareholders must
consider resolutions to re-elect non-executive Directors who held
office at the time that the remuneration report for the 2014/15
fiscal year was approved and who choose to seek re-election as well
as the election of any proposed new directors.
The Directors have determined to hold the spill meeting on
Wednesday, January 27th at 11 am (Perth Western Australia time).
While Samson is an Australian corporation, the listing of its
ordinary shares on the ASX and its ADSs on the NYSE require it to
comply with the securities laws of both jurisdictions. Accordingly,
Samson has today filed with the US Securities and Exchange
Commission its Schedule 14A Proxy Statement, which includes the
Australian Notice of General meeting and Explanatory Memorandum.
While the text of these documents is believed to be complete and
accurate, they are subject to amendment prior to being made
available to all Samson shareholders ahead of the January 27, 2016
meeting.
The SEC filing is available at www.sec.gov and on the Company’s
website, www.samsonoilandgas.com.au.
Samson’s Ordinary Shares are traded on the Australian Securities
Exchange under the symbol "SSN." Samson's American Depository
Shares (ADSs) are traded on the New York Stock Exchange MKT under
the symbol "SSN." Each ADS represents 200 fully paid Ordinary
Shares of Samson. Samson has a total of 2,837 million ordinary
shares issued and outstanding (including 230 million options
exercisable at AUD 3.8 cents), which would be the equivalent of
14.185 million ADSs. Accordingly, based on the NYSE MKT closing
price of US$0.59 per ADS on November 25th, 2015, the Company has a
current market capitalization of approximately US$8.5 million (the
options have been valued at an exchange rate of 0.7265).
Correspondingly, based on the ASX closing price of A$0.004 for
ordinary shares and a closing price of A$0.001 for the 2017
options, on November 25th, 2015, the Company has a current market
capitalization of approximately A$11.5 million.
SAMSON OIL & GAS LIMITED
TERRY BARRManaging Director
Statements made in this press release that are not historical
facts may be forward-looking statements, including but not limited
to statements using words like “may,” “believe,” “expect,”
“anticipate,” “should” or “will.” Actual results may differ
materially from those projected in any forward-looking statement.
There are a number of important factors that could cause actual
results to differ materially from those anticipated or estimated by
any forward-looking information
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version on businesswire.com: http://www.businesswire.com/news/home/20151125005894/en/
Samson Oil & Gas LimitedTerry Barr, CEO, 303-296-3994
(US office)