Petro Matad Limited Issue of Equity (9508H)
June 13 2017 - 6:36AM
UK Regulatory
TIDMMATD
RNS Number : 9508H
Petro Matad Limited
13 June 2017
13 June 2017
Petro Matad Limited
("Petro Matad" or the "Company")
Issue of Ordinary Shares
The Company announces that pursuant to, and subject to, the
terms and conditions set out in the share purchase and convertible
security deed with Bergen Global Opportunities Fund, LP (details of
which were set out in the Company's announcement on 8 May 2017)
(the "Agreement") on 13 June 2017 it issued 9,507,963 ordinary
shares (the "Relevant Shares") at a purchase price of GBP0.10 per
share, in connection with the first monthly funding tranche of
$1,200,000 under the Agreement. Application has been made for the
Relevant Shares to be admitted to trading on AIM with admission
expected to take place on 19 June 2017. The Relevant Shares will
rank pari passu in all respects with all existing ordinary shares
in the Company.
Following admission of the Relevant Shares, the Company's
enlarged issued share capital will comprise 303,084,189 ordinary
shares with voting rights. This figure of 303,084,189 ordinary
shares 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 Disclosure
Guidance and Transparency Rules of the United Kingdom Listing
Authority.
About Petro Matad
Petro Matad is the parent company of a group focussed on oil
exploration, as well as future development and production in
Mongolia. At the current time, Petro Matad holds the sole
operatorship of three Production Sharing Contracts with the
Government of Mongolia. Block XX has an area of 10,340 km(2) in the
far eastern part of the country, and Blocks IV and V have an area
of 28,900 km2 and 21,100 km2, respectively, in the southwest part
of the country.
Petro Matad Limited is incorporated in the Isle of Man under
company number 1483V. Its registered office is at Victory House,
Prospect Hill, Douglas, Isle of Man, IM1 1EQ.
For more information, please contact:
Petro Matad Limited
+97 670 141 099 / +97
Ridvan Karpuz, CEO 675 751 099
NOMAD and Broker
Stockdale Securities Limited
Richard Johnson / David
Coaten +44 (0)20 7601 6100
Business Advisory Firm
FTI Consulting
Edward Westropp +44 (0)20 3727 1521 / +44 (0)7920453705
This information is provided by RNS
The company news service from the London Stock Exchange
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