Warrants 27feb18 Feb 2021 08:58
At first I thought these expired on the 14feb , but the 200mil warrants would enter the market on the 27feb 2020, so I guess they will expire on the 27feb 2021. One year anniversary.
Could the sp be held back so they are not executed.????
Placing
Mosman Oil and Gas Limited (AIM: MSMN) the oil exploration, development and production company, announces that t he Company has raised GBP300,000 (before expenses) (the "Fundraising") to fund the delivery of its Refocussed Corporate Strategy via a placing of 200,000,000 new ordinary shares of no par value ("Placing Shares") in the capital of the Company at a price of 0.15p per share ("Placing Price") (the "Placing") with investors receiving one warrant to subscribe for a further new ordinary shares at an exercise price of 0.23p with a term of 12 months per Share subscribed for. The Placing is unconditional save for admission of the shares to trading on AIM ("Admission").
The Fundraising was carried out by Monecor (London) Ltd trading as ETX Capital ("ETX Capital") with a small number of investors.
In addition to the Fundraising, two Directors have indicated their intent to subscribe for up to a further AUD 120,000 (the "Director Subscription") on the same terms and conditions as the Placing in lieu of certain consultant and director fees due or owed for the year to 30 June 2020 to demonstrate their ongoing commitment to the Company.
The proposed Director Subscription will be subject to disclosure as a Related Party Transaction in accordance with the AIM Rules for Companies and a further announcement is expected to be made shortly.
Admission to AIM and Total Voting Rights
The Placing is conditional on, inter alia, the Placing Shares being admitted to trading on AIM. Application has been made to the London Stock Exchange for the Shares, which will rank pari passu with the Company's existing issued ordinary shares, to be admitted to trading on AIM and dealings are expected to commence at 8:00 a.m. on 27 February 2020