Nostra
Terra Oil and Gas Company Plc
("Nostra
Terra", "NTOG" or "the Company")
2 August 2024
Director
Increases Participation in Fundraise
Nostra Terra (AIM: NTOG), an
international oil and gas exploration and production company with
development and production assets in Texas, USA, is pleased to
announce that James F. Newman, an NTOG Board member, has increased
his participation in the recent fundraising announced on 29 July
2024. Mr. Newman has subscribed for an additional 40,000,000 new
ordinary shares at a price of 0.03p per
share (the "Placing Price") (the "Additional Fundraise Shares"),
increasing his total participation in the fundraising to
140,000,000 new ordinary shares.
The Additional Fundraise Shares
increase the size of the original amount raised from £450,000 to
£462,000 (before expenses) through an aggregate subscription and
placing of 1,539,999,998 new ordinary shares ("Fundraise Shares")
at the Placing Price (the "Fundraise").
Application for Admission and Total
Voting Rights
An application will be made to the
London Stock Exchange for the additional 40,000,000 new ordinary
shares to be admitted to trading on AIM ("Admission"); it is
expected that Admission will become effective on or around 8 August
2024.
In accordance with the FCA's
Disclosure Guidance and Transparency Rules, the Company confirms
that on issue of the Additional Fundraise Shares and following
Admission, the Company's enlarged issued ordinary share capital
will comprise 2,561,520,532 Ordinary Shares.
The Company does not hold any
Ordinary Shares in Treasury. Therefore, following Admission,
the above figure may be used by shareholders in the Company as the
denominator for the calculations to determine if they are required
to notify their interest in, or a change to their interest in the
Company, under the FCA's Disclosure Guidance and Transparency
Rules.
Director's participation
Mr Newman has subscribed for the
following Additional Fundraising Shares:
Director
|
Additional
Subscription amount
|
Total
Number of new ordinary shares
|
Resultant
shareholding
|
Resultant
interest in enlarged share capital
|
Jim Newman
|
£12,000
|
40,000,000
|
255,000,000*
|
9.96%
|
*including 215,000,000 existing
ordinary shares held by Dos Hermanos International, LLC, of which
Mr Newman is a principal.
Beaumont Cornish Limited, which is authorised and regulated in
the United Kingdom by the Financial Conduct Authority, is acting as
nominated adviser to the Company in relation to the matters
referred herein. Beaumont Cornish Limited is acting exclusively for
the Company and for no one else in relation to the matters
described in this announcement and is not advising any other person
and accordingly will not be responsible to anyone other than the
Company for providing the protections afforded to clients of
Beaumont Cornish Limited, or for providing advice in relation to
the contents of this announcement or any matter referred to in
it.
This announcement contains inside information for the purposes
of Article 7 of the Market Abuse Regulation (EU) No. 596/2014, as
it forms part of UK Domestic Law by virtue of the European Union
(Withdrawal) Act 2018. Upon the publication of this announcement,
this inside information is now considered to be in the public
domain.
For further information,
contact:
Nostra Terra Oil and Gas Company
plc
Paul Welch, CEO
|
Email:
|
paul@ntog.co.uk
|
|
|
|
Beaumont Cornish Limited
(Nominated Adviser)
James Biddle / Roland
Cornish
|
Tel:
|
+44 (0) 20 7628 3396
|
|
|
|
SP Angel Corporate Finance
LLP
(Broker)
Richard Hail / Adam Cowl
|
Tel:
|
+44 (0) 20 3470 0470
|
|
|
|
Celicourt Communications
(PR/IR)
Mark Antelme / Jimmy Lea
|
Tel:
Email:
|
+44 (0) 20 7770 6424
NTOG@celicourt.uk
|
NOTIFICATION AND PUBLIC DISCLOSURE
OF TRANSACTIONS BY PERSONS DISCHARGING MANAGERIAL RESPONSIBILITIES
AND PERSONS CLOSELY ASSOCIATED WITH THEM
1
|
Details of the person discharging managerial responsibilities
/ person closely associated
|
a)
|
Name
|
1) Jim
Newman
|
2
|
Reason for the notification
|
a)
|
Position/status
|
1) Non-Executive
Director
|
b)
|
Initial notification
/Amendment
|
Initial notification
|
3
|
Details of the issuer, emission allowance market participant,
auction platform, auctioneer or auction monitor
|
a)
|
Name
|
Nostra Terra Oil and Gas
Company plc
|
b)
|
LEI
|
213800JO9A4LO19YJ129
|
4
|
Details of the transaction(s): section to be repeated for (i)
each type of instrument; (ii) each type of transaction; (iii) each
date; and (iv) each place where transactions have been
conducted
|
a)
|
Description of the financial
instrument, type of instrument
Identification code
|
Ordinary shares of £0.0001
each
GB00BZ76F335
|
b)
|
Nature of the transaction
|
Fundraise of ordinary
shares
|
c)
|
Price(s) and volume(s)
|
PDMR
|
Price
|
No. of shares
|
Jim Newman
|
£0.0003
|
40,000,000
|
|
d)
|
Aggregated information
- Aggregated volume
- Price
|
N/A, single
transaction
|
e)
|
Date of the transaction
|
2 August 2024
|
f)
|
Place of the transaction
|
Outside a trading venue
|