Mayan Energy Limited Correction : Director Subscription Under the Placing

 
TIDMMYN 
 
The following announcement replaces the announcement "Director Subscription 
Under the Placing" released at 10.35 on 2 September 2016.    The reference in 
the table of that previous announcement to "Price(s) and volume(s) of 0.15p" 
was incorrect and has been replaced with "Price(s) and volume(s) of 0.015p". In 
addition investors should note that the Admission date for the 333,333,333 new 
Ordinary Shares is now expected on 12 September 2016.  All other text remains 
the same. The full text of the amended announcement is set out below: 
 
2 September 2016 
 
                Mayan Energy Ltd (formerly Northcote Energy Ltd) 
 
                           ('Mayan' or 'the Company') 
 
                        Subscription under the Placing 
 
                             Director/PDMR Holding 
 
                                      TVR 
 
Further to the announcement of 2 September 2016,Mayan Energy Limited is pleased 
to announce that Heriberto ('Eddie') Gonzalez Jr., Chief Executive Officer, has 
today subscribed for 333,333,333 new ordinary shares in the Company on the same 
terms as the Placing (the "Shares"), that is at 0.015p per Share. This brings 
the total amount raised under the Placing to GBP550,000. 
 
Application will be made for the Shares, which will rank pari passu with the 
existing ordinary shares, to be admitted to trading on AIM ('Admission').  It 
is expected that Admission will become effective and dealings will commence on 
or around 12 September 2016. 
 
Following the issue of the Shares, Mr Gonzalez's total holding will comprise of 
333,333,333 ordinary shares in the Company, representing 0.02% of the enlarged 
issued share capital. 
 
The enlarged issued share capital of the Company will consist of 13,898,253,603 
Ordinary Shares.  No shares were held in treasury at the date of this 
announcement.  The total current voting rights in the Company are therefore 13, 
898,253,603. 
 
In addition the Company confirms that it has now issued certain directors and 
management 2,060,000,000 options to subscribe for ordinary share on the terms 
and further described in the announcement of 1 September 2016. 
 
This announcement contains inside information for the purposes of Article 7 of 
EU Regulation 596/2014. 
 
The notification below, made in accordance with the requirements of the EU 
Market Abuse Regulations, provides further detail in respect of the transaction 
as described above. 
 
1    Details  of  the  person  discharging  managerial  responsibilities 
      /  person  closely associated 
 
a)   Name                    Heriberto ("Eddie") Gonzalez Jr. 
 
2    Reason for notification 
 
a)   Position / status       Chief Executive Officer 
 
b)   Initial notification    Initial 
     /Amendment 
 
3    Details of the issuer,  emission allowance market participant, 
     auction platform, auctioneer or auction monitor 
 
a)   Name                    Mayan Energy Ltd 
 
b)   LEI                     Not applicable 
 
4    Details of the transaction(s): section to be repeated for (i) each 
     type of instrument; (ii) each type of transaction; (iii) each date; 
     and (iv) each place where transactions have been conducted 
 
a)   Description  of  the    Ordinary shares in Mayan Energy Ltd 
     financial instrument, 
     type of instrument      ISIN VGG5S26K1079 
     Identification code 
 
     Nature of the           Purchase of  333,333,333 ordinary shares 
     transaction 
 
     Price(s) and volumes(s) Price(s)           Volumes(s) 
 
                             0.015p              333,333,333 
 
d)   Aggregated information  n/a 
 
e)   Date of the transaction 2 September 2016 
 
f)   Place of the            London Stock Exchange, AIM (XLON) 
     transaction 
 
                                   **ENDS** 
 
For further information visit www. northcoteenergy.com or contact the 
following: 
 
Eddie Gonzalez            Mayan Energy Ltd               [phone] 
 
Ross Warner               Mayan Energy Ltd               [phone] 
 
Roland Cornish            Beaumont Cornish Ltd           [phone] 
 
James Biddle              Beaumont Cornish Ltd           [phone] 
 
Elliot Hance              Beaufort Securities Ltd        [phone] 
 
Nick Bealer               Cornhill Capital Limited       [phone] 
 
Elisabeth Cowell          St Brides Partners Limited     [phone] 
 
 
 
END 
 

(END) Dow Jones Newswires

September 06, 2016 11:42 ET (15:42 GMT)