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16 Oct 2018 15:00
16 October 2018
COLUMBUS ENERGY RESOURCES PLC
("Columbus" or the "Company")
Posting of Circular
Columbus is pleased to announce that, further to its announcement of 15 October 2018, it has today posted a circular (the "Circular") to Shareholders regarding the conditional placing of 71,428,571 new ordinary shares in the share capital of the Company (the "Placing Shares") at a price of 3.5 pence per Placing Share (the "Placing Price") to raise approximately £2.5 million (before expenses) (the "Placing"), subject to approval by shareholders at a General Meeting.
The General Meeting will be held at the offices of VSA Capital Limited, New Liverpool House, 15-17 Eldon Street, London EC2M 7LD at 11:00 a.m. on 2 November 2018.
The Circular is also available on the Company's website at www.columbus-erp.com.
EXPECTED TIMETABLE OF PRINCIPAL EVENTS
2018 | |
Announcement of the Placing | 15 October |
Publication and posting of this Circular and the Form of Proxy | 16 October |
Latest time and date for receipt of Forms of Proxy | 11:00 a.m. on 31 October |
General Meeting | 11:00 a.m. on 2 November |
Announcement of results of the General Meeting and the Placing | 2 November |
Admission of New Ordinary Shares to trading and commencement of dealings | 8:00 a.m. on 5 November |
CREST accounts to be credited for New Ordinary Shares in uncertificated form | 5 November |
Despatch of definitive share certificates for New Ordinary Shares in certificated form | within 7 days of Admission |
Notes:
Each of the dates in the above timetable is subject to change at the absolute discretion of the Company. If any of the details should change, where appropriate, the revised times and/or dates will be notified to Shareholders by means of an announcement through a Regulatory Information Service.
Contact Information:
Columbus Energy Resources plc Leo Koot / Gordon Stein | +44 (0)20 7203 2039 |
VSA Capital Limited Financial Adviser & Broker Andrew Monk / Andrew Raca | +44 (0)20 3005 5000 |
Beaumont Cornish Limited Nominated Adviser Roland Cornish / Rosalind Hill Abrahams | +44 (0)20 7628 3396 |
Camarco Public and Investor Relations Georgia Edwards / James Crothers | +44 (0)20 3757 4983 |
Notes to Editors:
Columbus Energy Resources Plc is an oil and gas producer and explorer focused on onshore Trinidad with the ambition to grow in South America.
The Columbus Energy group has five producing fields, one development project and a highly prospective exploration portfolio in the South West Peninsula, which lies in the extreme southwest of Trinidad and consists of stacked shallow and deep prospects. Columbus is cashflow positive from operations and aims to create transformational growth by developing its portfolio in a capital efficient and disciplined manner.
Columbus is guided by the following core values; safe and sustainable, stronger together, creative excellence, positive energy, totally trusted and personally responsible.
The Company is led by an experienced Board and senior management team with supportive shareholders and intends on leveraging its expertise and experience to build an attractive and diversified portfolio of assets across South America in order to build an oil production led South American exploration business.
To find out more, visit www.Columbus-erp.com or follow us on Twitter@Columbus_ERP.
This announcement contains inside information for the purposes of Article 7 of EU Regulation 596/2014 ("MAR").
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