Falcon Oil & Gas Ltd. Falcon Oil & Gas Ltd.: Holdings In Falcon
July 12 2017 - 2:00AM
UK Regulatory
TIDMFOG
12 July 2017 - Falcon Oil & Gas Ltd. (TSXV: FO, AIM: FOG, ESM: FAC)
announces that it has been notified of a transfer between two companies
acting in concert whereby Renova Assets Limited (the "Seller") has
transferred its entire 157,083,634 common shares of Falcon (the
"Shares"), representing 16.89% of Falcon's issued and outstanding Shares,
to Lamesa Holdings S.A. (the "Purchaser") for an aggregate consideration
of CDN$65,078,745 or CDN$0.4143 per Share. The ultimate beneficial owner
of the Purchaser is the same person that is a beneficiary under a
certain discretionary trust arrangement (pursuant to which the trustee
under such trust arrangement holds a legal interest of 90% of all issued
and outstanding capital of the Seller and has complete discretion over
management of any trust property and distributions in favour of the
trust beneficiaries).
CONTACT DETAILS:
Falcon Oil & Gas Ltd. +353 1 676 8702
Joachim Conrad, Chairman +353 1 676 8702
Philip O'Quigley, CEO +353 87 814 7042
Anne Flynn +353 1 676 8702
Davy (NOMAD & Broker)
John Frain / Anthony Farrell +353 1 679 6363
About Falcon Oil & Gas Ltd.
Falcon Oil & Gas Ltd is an international oil and gas company engaged in
the acquisition, exploration and development of conventional and
unconventional oil and gas assets, with the current portfolio focused in
Australia, South Africa and Hungary. Falcon Oil & Gas Ltd is
incorporated in British Columbia, Canada and headquartered in Dublin,
Ireland with a technical team based in Budapest, Hungary.
For further information on Falcon Oil & Gas Ltd. please visit
www.falconoilandgas.com
Neither the TSX Venture Exchange nor its Regulation Services Provider
(as that term is defined in the policies of the TSX Venture Exchange)
accepts responsibility for the adequacy or accuracy of this release.
This announcement is distributed by Nasdaq Corporate Solutions on behalf
of Nasdaq Corporate Solutions clients.
The issuer of this announcement warrants that they are solely
responsible for the content, accuracy and originality of the information
contained therein.
Source: Falcon Oil & Gas Ltd. via Globenewswire
http://www.falconoilandgas.com/
(END) Dow Jones Newswires
July 12, 2017 02:00 ET (06:00 GMT)
Copyright (c) 2017 Dow Jones & Company, Inc.
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