Falcon Oil & Gas Ltd. - Issue of Private Placement Shares
April 08 2022 - 1:00AM
Falcon Oil & Gas Ltd. - Issue of Private Placement Shares
Falcon Oil & Gas
Ltd.(“Falcon” or the
“Company”)
Issue of
Private Placement
Shares
NOT FOR DISSEMINATION IN THE UNITED STATES OR
THROUGH U.S. NEWSWIRE SERVICES
08 April 2022 - Falcon Oil & Gas Ltd. (TSXV:
FO, AIM: FOG) is pleased to announce that, following the approval
of the TSX Venture Exchange, it has issued a total of 62,500,000
Common Shares (“Placing Shares”) at a price of
CAD$0.20 per share to Sheffield Holdings LP for gross proceeds of
US$10 million pursuant to the private placement announced on 31
March 2022.
The Company has applied for admission of the
Placing Shares to trading on AIM (“Admission”), with Admission
expected to occur on 13 April 2022. The Placing Shares will not
trade on the TSX Venture Exchange Market until the date that is
four months and a day after the day of issuance, being 07 August
2022. The Company’s total issued share capital following Admission
will be 1,044,347,425 Common Shares.
The securities being offered have not been, nor
will they be, registered under the United States Securities Act of
1933, as amended, and may not be offered or sold in the United
State or to, of for the account or benefit of, U.S. persons absent
registrations or an applicable exemption from the registration
requirements. This press release shall not constitute an offer to
sell or the solicitation of an offer to buy nor shall there be any
sale of the securities in which such offer, solicitation or sale
would be unlawful.
Ends.
CONTACT DETAILS:
Falcon Oil & Gas Ltd.
|
+353 1 676 8702 |
Philip O'Quigley, CEO |
+353 87 814 7042 |
Anne Flynn, CFO |
+353 1 676 9162 |
|
Cenkos Securities plc (NOMAD & Broker) |
|
Neil McDonald / Derrick Lee |
+44 131 220 9771 |
|
|
Camarco |
|
Billy Clegg / Rebecca Waterworth |
+44 (0)20 3781 8331 |
About Falcon Oil & Gas
Ltd.
Falcon Oil & Gas Ltd is an international oil
& gas company engaged in the exploration and development of
unconventional oil and gas assets, with the current portfolio
focused in Australia, South Africa and Hungary. Falcon Oil &
Gas Ltd is incorporated in British Columbia, Canada and
headquartered in Dublin, Ireland with a technical team based in
Budapest, Hungary.
For further information on Falcon Oil & Gas
Ltd. please visit www.falconoilandgas.com.
Glossary of terms
Admission |
means admission of the Placing Shares to trading on AIM |
Common Shares |
means the common shares in the share capital of the Company |
CAD$ |
Canadian dollar |
US$ |
United States dollars |
|
|
Certain information in this press release may
constitute forward-looking information. This information is based
on current expectations that are subject to significant risks and
uncertainties that are difficult to predict. Actual results might
differ materially from results suggested in any forward-looking
statements. Falcon assumes no obligation to update the
forward-looking statements, or to update the reasons why actual
results could differ from those reflected in the forward
looking-statements unless and until required by securities laws
applicable to Falcon. Additional information identifying risks and
uncertainties is contained in Falcon’s filings with the Canadian
securities regulators, which filings are available at
www.sedar.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.
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