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  2. Share Prices
  3. Tomco Energy Share Price
  4. Tomco Energy Share News
  5. TomCo Gets Amended Terms On Windsor Capital Finance Facility

Pin to quick picksTomco Energy Share News (TOM)

Tomco Energy Information

Share Price Information for Tomco Energy (TOM)

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Share Price: 0.0385
Bid: 0.037
Ask: 0.04
Change: 0.00 (0.00%)
Spread: 0.003 (8.108%)
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TomCo Gets Amended Terms On Windsor Capital Finance Facility

Mon, 23rd Sep 2013 10:09

LONDON (Alliance News) - TomCo Energy PLC Monday said it has agreed with Windsor Capital Partners Ltd to reinitiate the liquidity facility agreement and has amended the terms by introducing a floor price of 2 pence a share and limiting the maximum net amount raised to GBP1 million.

The oil shale exploration and development company said it has issued and allotted 100 million shares to Windsor in exchange for a promissory note.

In a statement, TomCo said it would use the funds to advance its Holliday Block project, and may use some to acquire additional leases.

"The board is pleased that the amended facility is expected to enable TomCo to be fully funded through to the Red Leaf/Total JV Final Investment Decision, without the fear of diluting existing shareholders or adversely affecting the market," TomCo Chief Executive Paul Rankine said.

TomCo shares were up 1.7% at 1.78 pence Monday morning.

By Steve McGrath; stevemcgrath@alliancenews.com; @SteveMcGrath1

Copyright 2013 Alliance News Limited. All Rights Reserved.

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6 Apr 2023 14:28

IN BRIEF: TomCo Energy shares resume as posts narrowed annual loss

TomCo Energy PLC - oil development group operating in US - Shares start trading again on AIM and posts results for financial year ended September 30. Pretax loss in financial 2022 is GBP690,000, narrowed from GBP10.3 million a year prior. Posts no revenue, unchanged. Reports no impairment loss compared to GBP8.7 million in financial 2021. Looking ahead, Chair Malcolm Groat says: "The company acknowledges and greatly appreciates the ongoing support and patience of our shareholders as we seek to progress the Greenfield development project as well as exploit TomCo's other significant potential despite the current global economic headwinds." Greenfield Energy LLC was the company's focus in financial 2022, and Greenfield's plans to pursue the construction of two oil sand separation plants in Utah, US.

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TomCo agrees option exercise period extension for Tar Sands purchase

(Alliance News) - TomCo Energy PLC on Monday said it agreed to extend its 100%-owned subsidiary Greenfield Energy LLC's purchase option exercise period to acquire Tar Sands Holdings II LLC until March 31.

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30 Dec 2022 15:11

TomCo extends option exercise period for acquisition of Tar Sands

(Alliance News) - TomCo Energy PLC on Friday said it has extended its option exercise period relating to the potential acquisition of the remaining interest in Tar Sands Holdings II LLC.

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1 Nov 2022 16:44

TomCo agrees another extension to its loan from Valkor

(Sharecast News) - Oil developer TomCo announced a further extension to its unsecured loan from Valkor Oil on Tuesday, with the remaining outstanding principal totalling $1m.

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14 Oct 2022 13:43

CORRECT: TomCo Energy shares down after loan repayment and extension

TomCo Energy PLC - London-based oil explorer in the US state of Utah - Repays USD250,000 of its unsecured loan from Valkor Oil & Gas LLC to its wholly-owned subsidiary Greenfield Energy LLC. Also extends repayment date for remaining USD1.0 million of the loan to October 31. The loan was used for the acquisition of an initial 10% of the membership interest in Tar Sands Holdings II LLC.

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IN BRIEF: TomCo Energy shares up on loan repayment and extension

TomCo Energy PLC - London-based oil explorer in the US state of Utah - Repays USD250,000 of its unsecured loan from Valkor Oil & Gas LLC to its wholly-owned subsidiary Greenfield Energy LLC. Also extends repayment date for remaining USD1.0 million of the loan to October 31. The loan was used for the acquisition of an initial 10% of the membership interest in Tar Sands Holdings II LLC.

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TomCo partially repays, extends Valkor loan further

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