RNS Number : 0399A
Mosman Oil and Gas Limited
17 December 2014
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17 December 2014
Mosman Oil and Gas Limited
("Mosman" or the "Company")
Issue of Trident Debt Shares
The Directors of Mosman Oil and Gas Limited (AIM: MSMN) the New Zealand and Australia focussed oil exploration and development company have today issued and allotted 1,000,000 Trident Debt Shares at a price of AUD$0.50 (approximately £0.26 per share) in full and final settlement of AUD$500,000 of debts owing by its subsidiary, Trident Energy Limited ("Trident"), to current and former directors of Trident in accordance with the terms and conditions of the Bid Implementation Agreement dated 22 August 2014. The Trident Debt Shares are subject to a 12 month Lock-In.
The issue of the Trident Debt Shares is conditional on 1,000,000 new Ordinary Shares in the capital of the Company (the "Trident Debt Shares") being admitted to trading on AIM.
An application has been made to the London Stock Exchange for the Trident Debt Shares, which will rank pari passu with the Company's existing issued Ordinary Shares, to be admitted to trading and dealings are expected to commence at 8:00 a.m. (GMT) on 23 December 2014.
Following the issue of the Trident Debt Shares the Company's total issued share capital will comprise 91,804,308 Ordinary Shares. In accordance with the Financial Conduct Authority Disclosure and Transparency Rules, the Company has 91,804,308 Ordinary Shares in issue, each share carrying the right to one vote. The Company does not hold any Ordinary Shares in Treasury.
The above figure of 91,804,308 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 to their interest in, the share capital of the Company under the Financial Conduct Authority's Disclosure and Transparency Rules.