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| Share Name | Share Symbol | Market | Type | Share ISIN | Share Description |
|---|---|---|---|---|---|
| Petro Matad Limited | LSE:MATD | London | Ordinary Share | IM00B292WR19 | ORD USD0.01 |
| Price Change | % Change | Share Price | Bid Price | Offer Price | High Price | Low Price | Open Price | Shares Traded | Last Trade | |
|---|---|---|---|---|---|---|---|---|---|---|
| -0.05 | -1.30% | 3.80 | 3.70 | 3.90 | 3.85 | 3.80 | 3.85 | 2,598,620 | 13:23:10 |
| Industry Sector | Turnover | Profit | EPS - Basic | PE Ratio | Market Cap |
|---|---|---|---|---|---|
| Oil And Gas Field Expl Svcs | 201k | -2.95M | -0.0026 | -14.62 | 42.33M |
From Apr 2019 to Apr 2024
TIDMMATD
RNS Number : 9508H
Petro Matad Limited
13 June 2017
13 June 2017
Petro Matad Limited
("Petro Matad" or the "Company")
Issue of Ordinary Shares
The Company announces that pursuant to, and subject to, the terms and conditions set out in the share purchase and convertible security deed with Bergen Global Opportunities Fund, LP (details of which were set out in the Company's announcement on 8 May 2017) (the "Agreement") on 13 June 2017 it issued 9,507,963 ordinary shares (the "Relevant Shares") at a purchase price of GBP0.10 per share, in connection with the first monthly funding tranche of $1,200,000 under the Agreement. Application has been made for the Relevant Shares to be admitted to trading on AIM with admission expected to take place on 19 June 2017. The Relevant Shares will rank pari passu in all respects with all existing ordinary shares in the Company.
Following admission of the Relevant Shares, the Company's enlarged issued share capital will comprise 303,084,189 ordinary shares with voting rights. This figure of 303,084,189 ordinary shares 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 Disclosure Guidance and Transparency Rules of the United Kingdom Listing Authority.
About Petro Matad
Petro Matad is the parent company of a group focussed on oil exploration, as well as future development and production in Mongolia. At the current time, Petro Matad holds the sole operatorship of three Production Sharing Contracts with the Government of Mongolia. Block XX has an area of 10,340 km(2) in the far eastern part of the country, and Blocks IV and V have an area of 28,900 km2 and 21,100 km2, respectively, in the southwest part of the country.
Petro Matad Limited is incorporated in the Isle of Man under company number 1483V. Its registered office is at Victory House, Prospect Hill, Douglas, Isle of Man, IM1 1EQ.
For more information, please contact:
Hot Features
Premium
Petro Matad Limited
+97 670 141 099 / +97
Ridvan Karpuz, CEO 675 751 099
NOMAD and Broker
Stockdale Securities Limited
Richard Johnson / David
Coaten +44 (0)20 7601 6100
Business Advisory Firm
FTI Consulting
Edward Westropp +44 (0)20 3727 1521 / +44 (0)7920453705
This information is provided by RNS
The company news service from the London Stock Exchange
END
IOEFJMMTMBJBBAR
(END) Dow Jones Newswires
June 13, 2017 06:36 ET (10:36 GMT)
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