Nostra Terra Oil & Gas Company PLC Issue of Equity (9744M)
January 26 2021 - 12:37PM
UK Regulatory
TIDMNTOG
RNS Number : 9744M
Nostra Terra Oil & Gas Company PLC
26 January 2021
26 January 2021
Nostra Terra Oil and Gas Company Plc
("Nostra Terra" or "the Company")
Block Listing Application Update
Exercise of Warrants
Nostra Terra (AIM: NTOG), the oil & gas exploration and
production company with a portfolio of development and production
assets in Texas, USA announces that further to its announcement of
20 January 2021 it has modified its block listing application to
now be for up to a total of 135,000,000 new Ordinary Shares to
cover the potential exercise of Warrants (as further detailed
below) in accordance with the block listing process under Rule 29
of the AIM Rules (the "Block Listing"). The Ordinary Shares subject
to the block admission will not be allotted immediately, but rather
will be issued and allotted on exercise of the Warrants from time
to time. On issue, these new Ordinary Shares will be issued as
fully paid and will rank pari passu in all respects with the
existing Ordinary Shares of the Company. The Company will announce
the number of any Ordinary Shares issued and admitted under the
block listing at the end of each calendar month. The expected
effective date of admission of these securities to AIM is on 28
January 2021.
In addition and under this Block Listing, the Company has today
issued and allotted 8,000,000 Ordinary Shares pursuant to the 25
September 2020 issue of Warrants, as detailed below. These new
Ordinary Shares will be admitted to trading with admission on 28
January 2021 and will result in the Company's issued share capital
being 687,520,534 Ordinary Shares.
Accordingly, 127,000,000 new Ordinary Shares remain under the
Block Listing.
The Warrants for which the block listing applies are as
follows:
-- 25 September 2020 - 135,000,000 of the 212,000,000 warrants issued at GBP0.0035 per share
All Warrants have a two-year term.
This announcement contains inside information for the purposes
of Article 7 of EU Regulation 596/2014
For further information, contact:
Nostra Terra Oil and Gas Company
plc
Matt Lofgran, CEO Email: +1 480 993 8933
Beaumont Cornish Limited
(Nominated Adviser)
James Biddle/ Roland Cornish Tel: +44 (0) 20 7628 3396
Novum Securities Limited (Broker)
Jon Belliss
Tel: +44 (0) 207 399 9425
Lionsgate Communications (Public
Relations)
Jonathan Charles Tel: +44 (0) 7791 892509
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END
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