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17 Aug 2009 13:16
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17Β AugustΒ 2009
Victoria Oil & Gas Plc
('VOG'Β or 'the Company')
(AIM:Β VOG)
Additional ListingΒ
Β
Victoria Oil & Gas Plc, the oil and gas company with assets in Cameroon and the FSU, today announces that it has drawn down a further Β£1,200,000 of its Β£10 million Standby Equity Distribution Agreement ("SEDA") with YA Global Master SPV Ltd ("YA"), announced by the Company on 17 June 2009. The funds will be used for the development of VOG's Logbaba project in Cameroon.Β
Under the terms of the SEDA, the Company hasΒ allotted, conditional on admission,Β 32,000,000Β ordinary shares of 0.5 pence each inΒ VOGΒ ("Ordinary Shares")Β toΒ YAΒ at a price ofΒ 3.75Β pence per share.Β This price is calculatedΒ by a formula under the terms of the SEDAΒ based on the prevailing market price.Β
Application has been made to theΒ LondonΒ Stock Exchange forΒ 32,000,000Β Ordinary Shares to be admitted to AIM and it is expected that dealings will commence onΒ 20Β AugustΒ 2009.Β These sharesΒ willΒ rankΒ pari passuΒ in all respects with the existing issued Ordinary Shares in the Company. The total issued share capital of VOGΒ following this allotment will beΒ 776,859,732Β Ordinary Shares. The Company does not hold anyΒ OrdinaryΒ Shares in treasury and so the total number of voting rights in the Company isΒ 776,859,732.
For further information, please contact:
Victoria Oil & Gas PlcΒ - Tel: +44 (0) 20 7921 8820
George DonneΒ /Β Kevin Foo
Strand Partners LimitedΒ - Tel: +44 (0) 20 7409 3494
Simon Raggett / Angela Peace
Fox-Davies CapitalΒ - Tel: +44 (0) 20 7936 5220
Daniel Fox-DaviesΒ / Oliver Stansfield
Conduit PRΒ - Tel: +44 (0) 20 7429 6607
Jonathan Charles / Ed Portman
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