7 February 2024
Mosman Oil and Gas
Limited
("Mosman"
or the "Company")
Result of Extraordinary
General Meeting
Mosman Oil and Gas Limited (AIM:
MSMN) the hydrocarbon, helium and hydrogen exploration,
development, and production company, announces that it held an
Extraordinary General Meeting (EGM) in Sydney earlier
today.
The Board is pleased to announce
that both Resolutions 1 and 2 were passed by way of a show of hands
with overwhelming support via proxy, and provides notice this day
that in accordance with the previously announced Director
Subscription the Company will issue 84,210,526 Shares at 0.0125p
per share and 42,105,263 Warrants, exercisable at 0.025p each with
a two year expiry, to Executive Director and CEO Andrew
Carroll, and 42,105,263 Shares at 0.0125p per share and 21,052,632
Warrants, exercisable at 0.025p each with a two year expiry,to
Non-Executive Chairman Nigel Harvey. Following the issue of the
shares and warrants, Mr Carroll will hold 147,867,860 shares and
42,105,263 warrants, and Mr Harvey will hold 42,242,763 shares and
21,052,632 warrants.
The following proxies were received
in respect of the Resolutions:
|
Resolution
|
For
|
Against
|
Percentage voted in favour
|
|
Resolution 1
|
632,260,823
|
2,259,493
|
99.6%
|
|
Resolution 2
|
695,780,657
|
2,259,493
|
99.7%
|
Admission to AIM and Total Voting
Rights
Application has been made to the
London Stock Exchange for the Director Subscription shares, which
will rank pari passu with the Company's existing issued ordinary
shares, to be admitted to trading on AIM and dealings are expected
to commence at 8:00 a.m. on or about 13 February 2024.
Following the issue of the Director
Subscription shares, the Company's share and total voting rights
will comprise 12,337,362,930 Ordinary Shares of no par value and
the Company does not hold any shares in treasury.
Consequently, the above figure 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 to their interest in, the
share capital of the Company in accordance with the Companies'
Articles.
Enquiries:
|
Mosman Oil & Gas Limited
Andy Carroll
CEO
acarroll@mosmanoilandgas.com
|
NOMAD and Joint Broker
SP Angel Corporate Finance
LLP
Stuart Gledhill / Richard Hail /
Adam Cowl
+44 (0) 20 3470 0470
|
|
Alma
Justine James / Will
Merison
+44 (0) 20 3405 0205
+44 (0) 7525 324431
mosman@almastrategic.com
|
Joint Broker
CMC Markets UK Plc
Douglas Crippen
+44 (0) 020 3003 8632
|
Updates on the Company's activities
are regularly posted on its website: www.mosmanoilandgas.com
Notes to editors
Mosman (AIM: MSMN) is a hydrocarbon,
helium and hydrogen exploration, development, and production
company with projects in the US and Australia. Mosman's strategic
objectives remain consistent: to identify opportunities which will
provide operating cash flow and have development upside, in
conjunction with progressing exploration of existing exploration
permits. The Company has several projects in the US, in addition to
exploration projects in the Amadeus Basin in Central
Australia.