Less Ads, More Data, More Tools Register for FREE

Pin to quick picksNostra Terra Regulatory News (NTOG)

  • There is currently no data for NTOG

Placing

6 Sep 2012 10:00

RNS Number : 6497L
Nostra Terra Oil & Gas Company PLC
06 September 2012
 



Nostra Terra Oil and Gas Company plc

("Nostra Terra" or the "Company")

 

Placing

Nostra Terra, the AIM oil and gas producer with projects in the USA, is pleased to announce that it has successfully raised £870,000 before expenses by way of a placing of 241,666,667 new ordinary shares of 0.1p each in the capital of the Company ("new Ordinary Shares") at 0.36 pence ("Placing Price") per new Ordinary Share (the "Placing"). The Placing was undertaken with existing and new investors

The net proceeds of the Placing will be used to support the development of the Chisholm Trial Prospect, the acquisition of which was announced on 29 August 2012, and other work in the field.

The 241,666,667 new Ordinary Shares to be issued pursuant to the Placing will rank pari passu in all respects with the existing issued ordinary share capital of the Company. Application has been made for the new Ordinary Shares to be admitted for trading on AIM and trading is expected to commence on 11 September 2012.

Commenting on the placing, Matt Lofgran, Chief Executive Officer of Nostra Terra, said: "The Board is delighted with support from existing and new shareholders of the Company who have participated in this placing. We believe the Chisholm Trial Prospect is very exciting for shareholders and, following the placing, NTOG is fully-funded for all current drilling commitments. We now have a significant amount of activity in our various drilling programmes and confidence in the prospects in our portfolio. We look forward to updating the market on the activity throughout the remainder of the year."

DIRECTORS' HOLDINGS ON COMPLETION OF THE PLACING

The aggregate interests of the Directors in the Company's issued share capital following completion of the Placing is set out below:

Director

 

Number of Ordinary Shares

Percentage of the enlarged issued share capital

Sir Adrian Blennerhassett

7,280,200

0.30%

Matt Lofgran

296,842,506

12.32%

Alden McCall

800,000

0.03%

Stephen Oakes

14,166,666

0.59%

TOTAL VOTING RIGHTS

Following the Placing, the issued share capital of the Company will increase by 11.1 per cent to 2,409,609,758 Ordinary Shares of 0.1p each. This figure may be used by shareholders as the denominator for the calculations by which they will determine if they are required to notify their interest in, or a change to their interest in, the share capital of the Company under the Disclosure and Transparency Rules (as applied to the Company by AIM Rule 17).

06th September 2012

For further information, visit www.ntog.co.uk or contact:

 

Nostra Terra Oil and Gas Company plc

Matt Lofgran, CEO

mlofgran@ntog.co.uk Telephone: +1 480 993 8933

 

Shore Capital & Corporate Limited (Nominated Adviser) 

Bidhi Bhoma/ Toby Gibbs Telephone: +44 (0)20 7408 4090

 

Alexander David Securities Ltd

David Scott / Bill Sharp Telephone: +44 (0)20 7448 9812

 

Lothbury Financial Services Limited

Gary Middleton / Michael Padley Telephone: +44 (0)20 7868 2010

 

UPCOMING INVESTOR EVENTS

Nostra Terra will be presenting at the One2One Investor Forum on 19 September in Edinburgh (http://www.proactiveinvestors.co.uk/register/event_details/161), as well as the Shares Magazine/MRQ Investor Evening on 10 October in London (http://investoreveninglondon10october.eventbrite.co.uk/).

 

 

 

 

This information is provided by RNS
The company news service from the London Stock Exchange
 
END
 
 
MSCGIGDCUUGBGDL
Date   Source Headline
29th Sep 20172:30 pmRNSInterim Results
26th Sep 201711:00 amRNSHedging facility with BP Energy Company
6th Sep 20174:45 pmRNSCompletion of Settlement of Magnolia Shares
6th Sep 20177:00 amRNSFull ownership of Pine Mills & Increased Reserves
4th Sep 20177:00 amRNSUpdate on Settlement of Magnolia Shares
22nd Aug 20177:00 amRNSPine Mills Auction and Magnolia Update
31st Jul 20179:20 amRNSUpdate on Settlement of Magnolia Shares
28th Jul 201712:03 pmRNSApproval of 2016 Annual Report & Accounts
21st Jul 20171:35 pmRNSAward of Share Options
19th Jul 20174:30 pmRNSDirector dealing and TVR
14th Jul 20177:30 amRNSWithdrawal of Magnolia Petroleum plc Requisition
6th Jul 20179:33 amRNSUpdate on Acquisition of Interest in Magnolia
30th Jun 20175:36 pmRNSResult of AGM
30th Jun 20177:00 amRNSFinal results for the year ended 31 December 2016
21st Jun 201712:35 pmRNSInitial response to MAGP's announcement re EGM
15th Jun 20177:04 amRNSAgreement to acquire further 25% of East Ghazalat
9th Jun 20173:33 pmRNSMagnolia Petroleum plc General Meeting Requisition
6th Jun 20177:00 amRNSNotice of AGM
31st May 20177:00 amRNSPine Mills Update & Investor Conference Call
26th May 20171:15 pmRNSAcquisition of interest in Magnolia Petroleum plc
24th May 20173:10 pmRNSPine Mills Court Order in Favour of Nostra Terra
20th Apr 20179:50 amRNSCompletion of Live Market Bookbuild
19th Apr 20175:15 pmRNSIssue of Equity & Live Market Bookbuild
5th Apr 20177:00 amRNSTexas Assets Reserves Report
27th Feb 20175:30 pmRNSChange of Broker
23rd Feb 20177:00 amRNSSecond Permian Basin acquisition, Receipt of funds
20th Feb 20178:15 amRNSResponse to Comment on Social Media
7th Feb 20177:00 amRNSBoard Changes and Award of Warrants
26th Jan 20177:00 amRNSAdditional interest and Judgement in Pine Mills
23rd Jan 20179:15 amRNSPine Mills Operations Update
28th Dec 20167:00 amRNSPine Mills Reserves Report & Strategy Update
12th Dec 20167:00 amRNSOperational & Financing Update for Pine Mills
8th Dec 20167:00 amRNS$600,000 Additional Cash Received
29th Nov 20167:00 amRNSCompleted acquisition of 80% Working Interest
17th Nov 20163:45 pmRNSIRG's announcement re East Ghazalat
3rd Nov 20169:30 amRNSCompletion of Permian Basin Acquisition
1st Nov 20166:00 pmRNSHolding(s) in Company
14th Oct 201611:22 amRNSDirector Dealing
11th Oct 20169:55 amRNSDirector Dealing
30th Sep 20167:00 amRNSInterim Results
28th Sep 20167:00 amRNSSettlement of Loan Note
18th Aug 20167:28 amRNSCompletion of $2.1m sale of Chisholm Trail
18th Aug 20167:00 amRNSCompletion of £2.1m sale of Chisholm Trail
15th Aug 201612:30 pmRNSClarification on IRG's Release re East Ghazalat
28th Jul 201612:33 pmRNSApproval of 2015 Annual Report & Accounts
26th Jul 20167:00 amRNSSale of Chisholm Trail Prospect Update
14th Jul 20167:00 amRNSIssue of Equity
8th Jul 201610:57 amRNSSale of Chisholm Trail Prospect Update
30th Jun 20161:45 pmRNSFinal Results
30th Jun 20161:41 pmRNSResult of AGM

Due to London Stock Exchange licensing terms, we stipulate that you must be a private investor. We apologise for the inconvenience.

To access our Live RNS you must confirm you are a private investor by using the button below.