(Alliance News) - Predator Oil & Gas Holdings PLC on Monday said it received an exercise notice from Optiva Securities Ltd for 2.0 million warrants.
Predator Oil & Gas is a Jersey-based oil and gas company with operations in Trinidad, Morocco and Ireland.
Its said around 1.9 million of the warrants are exercisable at 4 pence per share, while the remaining balance are exercisable at 2.8p per share.
Having received the aggregate GBP79,500, Predator Oil & Gas has issued Optiva around 2.0 million new shares.
Admission of the new shares for trading in London is expected on or around Thursday this week.
Shares in Predator Oil & Gas were down 3.8% to 7.50p each in London on Monday afternoon.
By Greg Rosenvinge, Alliance News reporter
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Predator Oil (PRD)