RE: Eco19 Jan 2022 09:17
'Eco (Atlantic) Oil & Gas Ltd. (AIM: ECO, TSX - V: EOG), the oil and gas exploration company focused on the offshore Atlantic Margins, is pleased to announce that it has purchased an additional 800,000 common shares in JHI Associates Inc. ("JHI") in return for 1,200,000 new common shares in Eco ("Consideration Shares"). The purchase of the 800,000 common shares in JHI is expected to be completed on 21st January 2022, increasing the total number of shares currently held by Eco in JHI to 5,800,000 shares.'
Presumably this means that WTE, having a 7.2% interest in the consideration shares, has effectively gained a further 86,400 Eco shares to add to our current holding?