Share Name Share Symbol Market Type Share ISIN Share Description
Falcon Oil LSE:FOG London Ordinary Share CA3060711015 COM SHS NPV (DI)
  Price Change % Change Share Price Bid Price Offer Price High Price Low Price Open Price Shares Traded Last Trade
  +0.25p +1.06% 23.75p 23.00p 24.50p 23.75p 23.25p 23.25p 285,130.00 12:22:11
Industry Sector Turnover (m) Profit (m) EPS - Basic PE Ratio Market Cap (m)
Oil & Gas Producers 0.0 -0.1 0.0 - 218.87

Falcon Oil & Gas Ltd. Falcon Oil & Gas Ltd.: Director Dealing

21/02/2017 7:01am

UK Regulatory (RNS & others)


 
TIDMFOG 
 
 
   Director Dealing 
 
   21 February 2017 - Falcon Oil & Gas Ltd. (TSXV: FO, AIM: FOG, ESM: FAC) 
("Falcon" or the "Company") announces that on 20 February 2017 Philip 
O'Quigley, a director of the Company, gave notice to the Company of his 
intention to exercise incentive stock options ("Options") to purchase an 
aggregate of 6,000,000 common shares in the Company at a price of 
CDN$0.10 per share. 
 
   The Options were granted to Mr O'Quigley on 1 May 2012 under Falcon's 
approved stock option plan and were due to expire on 30 April 2017. 
 
   Mr O'Quigley will concurrently sell 4,500,000 shares through a placing 
with an unrelated private investor at GBP 0.145 (equivalent to 
CDN$0.237) per share. The closing price on the AIM market in London on 
20 February 2017 was GBP 0.15. 
 
   Following the exercise of the 6,000,000 Options and subsequent sale of 
the 4,500,000 common shares, Mr O'Quigley will have the following 
shareholdings in the Company: 
 
 
 
 
                   Number of   Number of 
Name                 Options     Shares 
Philip O'Quigley   14,000,000  3,013,696 
 
 
   For further information, please contact: 
 
   CONTACT DETAILS: 
 
 
 
 
Falcon Oil & Gas Ltd.           +353 1 676 8702 
Philip O'Quigley, CEO          +353 87 814 7042 
Anne Flynn                      +353 1 676 8702 
 
Davy (NOMAD & Broker) 
John Frain / Anthony Farrell    +353 1 679 6363 
 
   About Falcon Oil & Gas Ltd. 
 
   Falcon Oil & Gas Ltd is an international oil & gas company engaged in 
the acquisition, exploration and development of conventional and 
unconventional oil and gas assets, with the current portfolio focused in 
Australia, South Africa and Hungary. Falcon Oil & Gas Ltd is 
incorporated in British Columbia, Canada and headquartered in Dublin, 
Ireland with a technical team based in Budapest, Hungary. 
 
   For further information on Falcon Oil & Gas Ltd. please visit 
www.falconoilandgas.com 
 
   Neither the TSX Venture Exchange nor its Regulation Services Provider 
(as that term is defined in the policies of the TSX Venture Exchange) 
accepts responsibility for the adequacy or accuracy of this release. 
 
   Certain information in this press release may constitute forward-looking 
information. This information is based on current expectations that are 
subject to significant risks and uncertainties that are difficult to 
predict. Actual results might differ materially from results suggested 
in any forward-looking statements. Falcon assumes no obligation to 
update the forward-looking statements, or to update the reasons why 
actual results could differ from those reflected in the forward 
looking-statements unless and until required by securities laws 
applicable to Falcon. Additional information identifying risks and 
uncertainties is contained in Falcon's filings with the Canadian 
securities regulators, which filings are available at www.sedar.com. 
 
   This announcement is distributed by Nasdaq Corporate Solutions on behalf 
of Nasdaq Corporate Solutions clients. 
 
   The issuer of this announcement warrants that they are solely 
responsible for the content, accuracy and originality of the information 
contained therein. 
 
   Source: Falcon Oil & Gas Ltd. via Globenewswire 
 
 
  http://www.falconoilandgas.com/ 
 

(END) Dow Jones Newswires

February 21, 2017 02:01 ET (07:01 GMT)

Copyright (c) 2017 Dow Jones & Company, Inc.

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