Falcon Oil & Gas Ltd. - Results of Annual General & Special Shareholders Meeting

FALCON OIL & GAS LTD.

(“Falcon)

Results of Annual General & Special Shareholders Meeting

15 July 2022 - Falcon Oil & Gas Ltd. (TSXV: FO, AIM: FOG) held its Annual General & Special Shareholders meeting via conference call on Thursday, 14 July 2022. All resolutions considered and voted upon by the shareholders at the meeting, being the election of directors, appointment of auditors and approval of the Stock Option Plan, were approved.

As more particularly described in the Management Information Circular for the meeting, the Stock Option Plan approved at the meeting included amendments that were necessary to comply with changes to TSXV security based compensation policies that were introduced on 24 November 2021. The Stock Option Plan included: (i) amendments to confirm that disinterested shareholder approval is required for any extension to the term of options held by insiders; (ii) amendments to comply with TSXV limitations regarding the maximum the number of options that may be granted to certain participants; and (iii) certain other amendments of a housekeeping nature.

The full text of each resolution passed at the meeting was included in the Management Information Circular communicated in advance of the meeting to shareholders, which is available on the Company’s website.

For further information, please contact:

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

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

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.

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.

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