Falcon Oil & Gas Ltd. - Falcon Announces Planned Share Consolidation and Name Change to pursue U.S. Listing
03 Settembre 2024 - 8:00AM
UK Regulatory
Falcon Oil & Gas Ltd. - Falcon Announces Planned Share
Consolidation and Name Change to pursue U.S. Listing
FALCON OIL & GAS LTD.
(“Falcon” or the
“Company”)
Falcon Announces Planned Share
Consolidation and Name Change to pursue U.S. Listing
3 September 2024 - Falcon Oil & Gas Ltd.
(TSXV: FO, AIM: FOG) is pleased to announce that it plans to change
its corporate name to “Beetaloo Resources Corp.” (the “Name
Change”) and to consolidate its share capital on the basis
of up to two hundred and fifty (250) pre-consolidation common
shares for each one (1) post-consolidation common share (the
“Consolidation”). The Name Change and
Consolidation are subject to shareholder approval being obtained at
a special meeting of shareholders to be held on 29 October 2024 and
all necessary regulatory approvals including the approval of TSX
Venture Exchange and AIM.
The Company wishes to proceed with the
Consolidation in order to pursue a listing on a U.S. stock exchange
during H1 2025, which is expected to expand awareness of the
Company among U.S. based investors and potentially provide the
Company with additional sources of capital. In conjunction with the
Consolidation, the Company plans to complete the Name Change in
order to align the Company’s name with its strategic focus on
appraisal and development activities in the Beetaloo Sub-basin,
Northern Territory, Australia.
The Company currently has 1,109,141,512 issued
and outstanding Common Shares. In the event that the Consolidation
is completed, for example on a two hundred and fifty (250) to one
(1) basis, the Company would have approximately 4,436,566 common
shares outstanding following the Consolidation. In addition, the
exercise price and number of common shares issuable upon the
exercise of any convertible securities would be proportionally
adjusted upon the implementation of the Consolidation. Subject to
obtaining all necessary approvals, the Consolidation would occur at
a time and exchange ratio to be determined by the Board of
Directors of the Company.
Further details regarding the Consolidation and
Name Change will be provided at a later date.
Ends.
CONTACT DETAILS:
Falcon Oil & Gas Ltd.
|
+353 1 676 8702 |
Philip O'Quigley, CEO |
+353 87 814 7042 |
Anne Flynn, CFO |
+353 1 676 9162 |
|
Cavendish Capital Markets Limited (NOMAD & Joint
Broker) |
Neil McDonald / Adam Rae |
+44 131 220 9771 |
|
|
Tennyson Securities (Joint Broker) |
|
Peter Krens |
+44 20 7186 9033 |
About Falcon Oil & Gas
Ltd.
Falcon Oil & Gas Ltd is an international oil
& gas company engaged in the exploration and development of
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
Certain information in this news release may
constitute forward-looking information. Any statements that are
contained in this news release that are not statements of
historical fact may be deemed to be forward-looking information.
Forward-looking information typically contains statements with
words such as “may”, “will”, “should”, “expect”, “intend”, “plan”,
“anticipate”, “believe”, “estimate”, “projects”, “dependent”,
“consider” “potential”, “scheduled”, “forecast”, “outlook”,
“budget”, “hope”, “suggest”, “support” “planned”, “approximately”,
“potential” or the negative of those terms or similar words
suggesting future outcomes. In particular, forward-looking
information in this news release includes, but is not limited to,
information relating to the Consolidation, Name Change and a
potential U.S. listing. This information is based on current
expectations that are subject to significant risks and
uncertainties that are difficult to predict. The risks, assumptions
and other factors that could influence actual results include risks
associated with obtaining all necessary regulatory and third party
approvals; general economic, market and business conditions;
substantial capital requirements; extent of, and cost of compliance
with, government laws and regulations and the effect of changes in
such laws and regulations; variations in foreign exchange rates;
competition for capital, equipment, new leases, pipeline capacity
and skilled personnel; inaccurate estimates and assumptions by
management and their joint venture partners; effectiveness of
internal controls; title deficiencies; geo-political risks; and
risk of litigation.
Readers are cautioned that the foregoing
list of important factors is not exhaustive and that these factors
and risks 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.sedarplus.ca, including under "Risk Factors" in the Annual
Information Form.
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.
Grafico Azioni Falcon Oil & Gas (LSE:FOG)
Storico
Da Nov 2024 a Dic 2024
Grafico Azioni Falcon Oil & Gas (LSE:FOG)
Storico
Da Dic 2023 a Dic 2024