Westmount Energy Limited Subscription Extension to raise £0.573 million (3299K)
28 Agosto 2019 - 1:00AM
UK Regulatory
TIDMWTE
RNS Number : 3299K
Westmount Energy Limited
28 August 2019
The information contained within this announcement is deemed to
constitute inside information as stipulated under the Market Abuse
Regulation (EU) No. 596/2014. Upon the publication of this
announcement, this inside information is now considered to be in
the public domain.
This announcement does not constitute an offer to sell or the
solicitation of an offer to buy any securities of the Company and
for the avoidance of doubt this announcement is not an offer and
not capable of being accepted.
28 August 2019
WESTMOUNT ENERGY LIMITED
("Westmount" or the "Company")
Subscription Extension to raise additional GBP0.573 million
Further to the Subscription announcement dated 23 August 2019,
the Board of Westmount is pleased to announce a conditional
subscription to raise further gross proceeds of approximately
GBP0.57 million (the "Subscription Extension") through the issue of
4,409,999 new ordinary shares of nil par value (the "Subscription
Extension Shares") at 13 pence per share (the "Issue Price") to
certain existing investors.
In line with the Subscription announced on 23 August 2019, the
proceeds of the Subscription Extension will be used to pursue
Westmount's ongoing investment strategy, focused on the
Guyana-Suriname Basin, as well as for general corporate
purposes.
Details of the Subscription Extension
The Company has received valid applications in respect of
4,409,999 Subscription Extension Shares pursuant to the
Subscription Extension. Application has been made for the
Subscription Extension Shares to be admitted to trading on AIM, and
it is expected that admission occur at 8.00 a.m. on 2 September
2019.
The Subscription Extension Shares will rank, on issue, pari
passu in all respects with the existing issued ordinary shares and
will be issued free from all liens, charges and encumbrances.
The Subscription Extension is conditional on admission of the
Subscription Extension Shares becoming effective on or before 8.00
a.m. on 2 September 2019 (or such later date as may be notified by
the Company but in any event not later than 8.00 a.m. on 15
September 2019). The Subscription Extension is not subject to
shareholder approval.
For further information, please contact:
Westmount Energy Limited www.westmountenergy.com
David King, Director Tel: +44 (0)1534 823133
Jane Vlahopoulou
Cenkos Securities plc Nomad and Broker Tel: +44 (0)20 7397
8900
Nicholas Wells / Harry Hargreaves (Corporate
Finance)
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Kingdom. Terms and conditions relating to the use and distribution
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contact rns@lseg.com or visit www.rns.com.
END
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