Nostra Terra Oil & Gas Company PLC Completion of Disposal of Magnolia Shares (8288T)
October 17 2017 - 5:34AM
UK Regulatory
TIDMNTOG
RNS Number : 8288T
Nostra Terra Oil & Gas Company PLC
17 October 2017
17 October 2017
Nostra Terra Oil and Gas Company plc
("Nostra Terra" or the "Company")
Completion of Disposal of Magnolia Petroleum Shares
Nostra Terra (AIM:NTOG), the oil and gas exploration and
production company with a portfolio of assets in the USA and Egypt
is pleased to announce that is has sold its remaining holding of
152,000,000 ordinary shares in Magnolia Petroleum plc
("Magnolia").
As a result of this disposal, and the earlier disposals
undertaken by the Company, Nostra Terra is pleased to report it has
been able to realise a total consideration of GBP167,500 for its
holding of Magnolia ordinary shares, which is a 34% premium to the
GBP125,000 the Company originally paid to acquire the shares.
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
Matt Lofgran, CEO +1 480 993 8933
Strand Hanson Limited
(Nominated & Financial Adviser and
Joint Broker) +44 (0) 20 7409 3494
Rory Murphy / Ritchie Balmer / Jack
Botros
Smaller Company Capital Limited (Joint
Broker) +44 (0) 20 3651 2910
Rupert Williams / Jeremy Woodgate
This information is provided by RNS
The company news service from the London Stock Exchange
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