Nostra Terra Oil & Gas Company PLC Completion of Live Market Bookbuild (8525C)
April 20 2017 - 3:50AM
UK Regulatory
TIDMNTOG
RNS Number : 8525C
Nostra Terra Oil & Gas Company PLC
20 April 2017
20 April 2017
Nostra Terra Oil and Gas Company plc
("Nostra Terra" or the "Company")
Completion of Live Market Bookbuild
As announced on 19 April 2017, Nostra Terra (AIM:NTOG), the oil
and gas exploration and production company with a portfolio of
assets in the USA and Egypt, successfully completed a placing of
GBP500,000 by way of a placement of 25,000,000 new ordinary shares
of 0.1 pence each ("Ordinary Shares") (the "Placing Shares") at a
price of 2 pence per Placing Share (the "Placing").
Each Placing Share has an attached warrant, exercisable at a
price of 3 pence for 12 months.
Up to GBP260,000 of the total GBP500,000 raised was available
for subscription by onboarded users of the Teathers App and the
Company is pleased to report that a total of 12 Teathers App users
participated in the Live Market Bookbuild.
Matt Lofgran, Chief Executive Officer of Nostra Terra,
commented:
"We are very happy to have worked with Teathers on this
fundraising and are delighted to welcome our new shareholders into
the Company. We are pleased to have been able to offer fair and
transparent access to this Placing and I look forward to providing
regular updates as we progress."
This announcement contains inside information for the purposes
of Article 7 of EU Regulation 596/2014.
For further information, visit www.ntog.co.uk or contact:
Nostra Terra Oil and Gas Company
plc +1 480 993
Matt Lofgran, CEO 8933
Strand Hanson Limited
(Nominated & Financial Adviser +44 (0) 20
and Joint Broker) 7409 3494
Rory Murphy / Ritchie Balmer
Smaller Company Capital Limited +44 (0) 20
(Joint Broker) 3651 2910
Rupert Williams / Jeremy Woodgate
Admission to trading and Total Voting Rights
The Placing is only conditional on the admission of the Placing
Shares to trading on AIM ("Admission"). Application will made for
Admission, which is expected to occur on 4 May 2017. The Placing
Shares will rank pari passu with the existing Ordinary Shares.
Following the Placing, the Company's total issued ordinary share
capital will consist of 120,566,771 Ordinary Shares with voting
rights. No Shares are held in treasury.
The above figure of 120,566,771 may be used by shareholders 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 Company under the FCA's Disclosure and
Transparency Rules.
Background to the Teathers App
The Teathers App is a mobile application designed to give
qualified private investors access to placements & Initial
Public Offerings (IPOs), predominantly on the London Stock
Exchange's Alternative Investment Market (AIM).
The Teathers App is an execution only platform. When an
AIM-listed company raises money by private placement, "onboarded"
users of the Teathers App have the opportunity to participate in
the placement on the same terms as other investors. An "onboarded"
user of the Teathers App is one who has already opened a brokerage
account with Shard Capital. Shard Capital is the broker supporting
the Teathers App and provides the necessary environment, including
compliance oversight and client identification. Shard Capital is
regulated by the FCA.
The Teathers App is currently available in the App Store for iOS
devices. A version of the Teathers App will be released in Google
Play imminently.
This information is provided by RNS
The company news service from the London Stock Exchange
END
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