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Mosman Oil and Gas Limited announced on July 10, 2024, the exercise of warrants for 80,000,000 new Ordinary Shares at a price of 0.025 pence per share. This exercise generated circa AUD $38,000 for the company, and these new shares are expected to be admitted to AIM trading around July 16, 2024, bringing the total number of voting rights to 14,025,362,930.
| Date | 10 Jul 2024 |
| Time | 08:28:26 |
| Category | Miscellaneous |
| ID | 8502V |
10 July 2024
("Mosman" or the "Company")
Warrant Exercise
Mosman Oil and Gas Limited (AIM: MSMN) the helium, hydrogen and hydrocarbon exploration, development and production company, announces that it has received notification to exercise warrants over a total of 80,000,000 new Ordinary Shares of no par value in the share capital of the Company (the 'Warrant Shares') at a price of 0.025 pence per share.
The funds from the exercise of the warrants of circa AUD $38,000 will be added to Mosman's existing cash reserves.
Total Voting Rights
Application will be made to the London Stock Exchange plc for 80,000,000 new Ordinary Shares to be admitted to trading on the AIM market ("Admission") with Admission expected to occur on or around 16 July 2024. The new Ordinary Shares will rank pari passu in all respects with the existing Ordinary Shares including the right to receive any dividend or other distribution thereafter declared, made or paid. There are no Ordinary Shares held in treasury. Following Admission of the 80,000,000 new Ordinary Shares the total number of voting rights in the Company will be 14,025,362,930.
Consequently, the above figure may be used by shareholders in the Company as the denominator for the calculations by which they will determine if they are required to notify their interest in, or a change in their interest in, the share capital of the Company under the Company's Constitution.
Market Abuse Regulation (MAR) Disclosure
The information contained within this announcement is deemed by the Company to constitute inside information as stipulated under the Market Abuse Regulations (EU) No. 596/2014 ('MAR') which has been incorporated into UK law by the European Union (Withdrawal) Act 2018. Upon the publication of this announcement via Regulatory Information Service ('RIS'), this information is now considered to be in the public domain.
Enquiries:
|
Mosman Oil & Gas Limited Andy Carroll, Technical Director |
NOMAD and Joint Broker SP Angel Corporate Finance LLP Stuart Gledhill / Richard Hail / Adam Cowl +44 (0) 20 3470 0470 |
|
Alma Justine James +44 (0) 20 3405 0205 +44 (0) 7525 324431
|
Joint Broker CMC Markets UK Plc Douglas Crippen +44 (0) 020 3003 8632 |
Updates on the Company's activities are regularly posted on its website: www.mosmanoilandgas.com
Notes to editors
Mosman (AIM: MSMN) is a helium, hydrogen, and hydrocarbon exploration, development and production company with projects in the US and Australia.
Mosman's strategic objectives remain consistent: to identify opportunities which will provide operating cash flow and have development upside whilst maximising the opportunity for further production growth and increasing cashflow from its current US projects.
Mosman has two exploration areas in the Amadeus Basin in Central Australia which are well positioned to take advantage of the increasing demand for Helium and Hydrogen, in addition to oil and gas. Mosman recently acquired an interest in helium exploration in Colorado, USA.