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Pin to quick picksNostra Terra Regulatory News (NTOG)

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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
18th Sep 20147:00 amRNSIncreased Production at Verde Prospect
3rd Sep 20147:00 amRNSAcquisition of Prospect in Wyoming
18th Aug 20147:00 amRNS17th Chisholm Trail Well Spud
12th Aug 20147:00 amRNSQuarterly Production Update
28th Jul 20143:30 pmRNSIndustry Consultant Appointed
20th Jun 20147:00 amRNSOperations Update
18th Jun 201412:15 pmRNSAGM Statement
17th Jun 20147:00 amRNSProduction Added at Chisholm Trail
3rd Jun 20143:30 pmRNSFinal Results - Replacement
22nd May 20147:00 amRNSFinal Results
7th May 20147:00 amRNS$25m Facility Borrowing Base Increased
22nd Apr 20147:01 amRNSQuarterly Production Update
2nd Apr 20143:17 pmRNSUK Investor Show
31st Mar 20147:00 amRNSChange of Adviser
18th Mar 20147:00 amRNS11% WI in Chisholm Trail Well
10th Mar 20147:00 amRNS57% Uplift in Production
24th Feb 20147:00 amRNSChisholm Trail Operations Update
18th Feb 20147:00 amRNSLargest interest secured at Chisholm Trail
13th Feb 20142:00 pmRNSIncreased Interest In CT8 Well
13th Feb 20147:00 amRNSProduction Added From New Wells
3rd Feb 20147:00 amRNSUSD25 million Credit Facility Secured
17th Jan 20147:00 amRNSChisholm Trail Operations Update
13th Jan 20147:00 amRNSQuarterly Operations and Production Update
6th Jan 20147:00 amRNSChisholm Trail and Verde Update
19th Dec 201311:03 amRNSRichfield Litigation Resolution
9th Dec 20137:00 amRNSColorado and Oklahoma Update
6th Nov 20137:00 amRNS7th Chisholm Well in Production
31st Oct 20137:00 amRNSDevelopment Accelerates at Chisholm Trail
29th Oct 20137:00 amRNSQuarterly Operations and Production Update
25th Oct 201311:00 amRNSRecent Speculation
7th Oct 20137:00 amRNSIncrease in director shareholding
4th Oct 20137:00 amRNSRichfield Update
30th Sep 20137:00 amRNSInterim Results
19th Sep 20137:00 amRNSThird Colorado Well Reaches Total Depth
12th Sep 20131:47 pmRNSRichfield Update
10th Sep 201310:17 amRNSRichfield Judgement Update
10th Sep 20137:00 amRNSNew Colorado Well Spud
3rd Sep 20137:00 amRNSRichfield Judgement Update
28th Aug 20137:00 amRNSIncreased Interest In New Colorado Well
8th Aug 20137:00 amRNSSeventh Chisholm Trail Well
18th Jul 20137:00 amRNSProduction at CT5 Exceeds Expectations
1st Jul 20137:00 amRNSFurther re Richfield Judgment
28th Jun 20137:00 amRNSAGM Statement
21st Jun 20137:00 amRNSIssue of equity
17th Jun 20132:30 pmRNSChange of Adviser
7th Jun 20137:30 amRNSNotice of AGM
7th Jun 20137:00 amRNSFinal Results
5th Jun 20135:45 pmRNSTotal Voting Rights
31st May 20137:19 amRNSHigh Plains interest increased to 20%
29th May 20137:00 amRNSParticipating in Sixth Chisholm Well

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