Curzon Energy PLC Issue of Equity and Total Voting Rights (3500W)
July 31 2018 - 8:17AM
UK Regulatory
TIDMCZN
RNS Number : 3500W
Curzon Energy PLC
31 July 2018
Market Abuse Regulation (MAR) Disclosure
Certain information contained in this announcement would have
been deemed inside information for the purposes of Article 7 of
Regulation (EU) No 596/2014 until the release of this
announcement.
NOT FOR RELEASE, DISTRIBUTION OR PUBLICATION, IN WHOLE OR IN
PART, DIRECTLY OR INDIRECTLY, IN OR INTO THE UNITED STATES,
AUSTRALIA, CANADA, JAPAN OR SOUTH AFRICA OR ANY OTHER JURISDICTION
WHERE IT IS UNLAWFUL TO DISTRIBUTE THIS ANNOUNCEMENT.
31 July 2018
Curzon Energy Plc
("Curzon Energy" or the "Company")
Issue of Equity and Total Voting Rights
Curzon Energy Plc, the 100% owner of the 45,000 acre Coos Bay
Coalbed Methane (CBM) Project, announces the following issue of
ordinary shares of 1 pence each ("New Ordinary Shares"):
On 31 July 2018, 4,425,616 New Ordinary Shares were issued at a
price of GBP0.08 per share to Mr Barry Liben in satisfaction of the
aggregate debt of GBP354,049.24 owed to him pursuant to a
promissory note entered into with the Company on 29 December
2016.
The Company has allotted the New Ordinary Shares, which will
rank pari passu with the existing ordinary shares.
Application has been made for the New Ordinary Shares to be
admitted to the Official List and it is expected that admission to
trading on the Standard Segment of the London Stock Exchange's
regulated market for listed securities will take place at 8:00 am
on Wednesday 01 August 2018.
Total Voting Rights
Following admission, the total number of ordinary shares in
issue and the total number of voting rights in the Company is
77,020,316.
The above figure of 77,020,316 may be used by shareholders as
the denominator for the calculation by which they may determine if
they are required to notify their interest in, or change to their
interest in, the Company under the Disclosure, Guidance and
Transparency Rules of the Financial Conduct Authority.
For further information please contact:
Curzon Energy Plc +44 (0) 20 3542 0981
Stephen Schoepfer / Thomas Wagenhofer
www.curzonenergy.com
SP Angel Corporate Finance LLP +44 (0) 20 3470 0470
Richard Hail
Notes to Editors:
Curzon Energy Plc is the 100% owner of the 45,000-acre Coos Bay
Coalbed Methane (CBM) Project, located in Oregon USA. Coos Bay has
2C contingent gas resources of 273.5 BCF.
The Company is implementing a cost-effective staged development
plan, targeting first gas and cash generation from Phase I in Q4
2018. The Phase I work programme consists of the low-cost workover
of five existing, and drilling of two new wells.
The Company is led by an experienced Board and senior management
team who have extensive industry and financial experience. Curzon
Energy is listed on the LSE Main Market under the ticker CZN.
About Coalbed Methane (CBM):
Coalbed methane gas (CBM) (or coal seam gas (CSG) or coal-mine
methane (CMM)), is a form of natural gas extracted from coal seams
or coal deposits. CBM is generated during the process of
coalification which is the transformation of plant material into
coal and is contained in the coal microstructure. Typical CBM
recovery entails initially pumping water out of the coal to allow
the natural gas to escape. Methane is the principal component of
the natural gas from CBM production, which is typically made up of
95 per cent methane and normally does not contain hydrogen sulphide
or other sulphur compounds. Natural gas produced from CBM can
normally be added to natural gas pipelines without any special
treatment.
END
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END
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