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27 May 2009 10:49
Victoria Oil & Gas Plc
('VOG' or 'the Company')
(AIM: VOG)
Additional Listing
Victoria Oil & Gas Plc, the oil and gas company with assets in Cameroon and the FSU, announces that it has drawn down a further £200,000 of its £5 million Standby Equity Distribution Agreement ("SEDA") with YA Global Master SPV Ltd ("YA"), announced by the Company on 2 April 2009. The funds will be used for the development of VOG's Logbaba project in Cameroon.
Under the terms of the SEDA, the Company has allotted, conditional on admission, 6,359,527 ordinary shares of 0.5 pence each in VOG ("Ordinary Shares") to YA at a price of 3.14 pence per share. In addition, the Company has placed 2,112,676 Ordinary Shares at a price of 3.55 pence each, in settlement of advisor's fees.
Application has been made to the London Stock Exchange for 8,472,203 Ordinary Shares to be admitted to AIM and it is expected that dealings will commence on 1 June 2009. These shares will rank pari passu in all respects with the existing issued Ordinary Shares in the Company.
The total issued share capital of VOG following this allotment will be 496,915,888 Ordinary Shares. The Company does not hold any Ordinary Shares in treasury and so the total number of voting rights in the Company is 496,915,888.
For further information, please contact:
Victoria Oil & Gas Plc - Tel: +44 (0) 20 7921 8820
George Donne / Kevin Foo
Strand Partners Limited - Tel: +44 (0) 20 7409 3494
Simon Raggett / Angela Peace
Fox-Davies Capital - Tel: +44 (0) 20 7936 5220
Daniel Fox-Davies / Oliver Stansfield
Conduit PR - Tel: +44 (0) 20 7429 6607
Jonathan Charles / Ed Portman
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