7 Feb 2012 07:00
New World Oil and Gas Plc / Index: AIM / Epic: NEW / Sector: Oil & Gas
7 February 2012
New World Oil and Gas Plc ('New World' or the 'Company')
Exercise of Warrants
New World Oil and Gas Plc, a company focussed on making investments in the oil and gas sector, announces that it has received notices for the exercise of 76,000 warrants (each over one new Ordinary Share in the capital of the Company exercisable at 10p per Ordinary Share) which were granted as part of the Company's admission to AIM in May 2011 (the 'Exercise').
Application will be made for the 76,000 new Ordinary Shares issued pursuant to the Exercise, which will rank pari passu with all existing Ordinary Shares, to be admitted to trading on AIM. Admission is expected to take place on or around 9 February 2012.
Following the issue of the new Ordinary Shares, the Company's total issued share capital will consist of 137,813,869 Ordinary Shares.
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For further information please visit www.nwoilgas.com or contact:
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Notes
New World Oil and Gas Plc is focussed on making investments in the oil and gas sector, either by acquisition or by participation through Farm-Out. The Company targets late stage exploration or early production projects that, in the opinion of the Directors, are undervalued, underdeveloped or under-performing, located in basins with large proven reserves. New World is currently operating in Central America and Europe where New World has acquired two highly prospective projects via Farm-Out Agreements, although the Board is actively identifying exploitation opportunities in areas including Africa, South America and South East Asia.