Director Increases Participation in Fundraise
02/08/2024 16:28
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RNS Number : 0527Z Nostra Terra Oil & Gas Company PLC 02 August 2024
Nostra Terra Oil and Gas Company Plc
("Nostra Terra", "NTOG" or "the Company")
2 August 2024
Director Increases Participation in Fundraise
Nostra Terra (AIM: NTOG), an international oil and gas exploration and
production company with development and production assets in Texas, USA, is
pleased to announce that James F. Newman, an NTOG Board member, has increased
his participation in the recent fundraising announced on 29 July 2024. Mr.
Newman has subscribed for an additional 40,000,000 new ordinary shares at a
price of 0.03p per share (the "Placing Price") (the "Additional Fundraise
Shares"), increasing his total participation in the fundraising to 140,000,000
new ordinary shares.
The Additional Fundraise Shares increase the size of the original amount
raised from £450,000 to £462,000 (before expenses) through an aggregate
subscription and placing of 1,539,999,998 new ordinary shares ("Fundraise
Shares") at the Placing Price (the "Fundraise").
Application for Admission and Total Voting Rights
An application will be made to the London Stock Exchange for the additional
40,000,000 new ordinary shares to be admitted to trading on AIM ("Admission");
it is expected that Admission will become effective on or around 8 August
2024.
In accordance with the FCA's Disclosure Guidance and Transparency Rules, the
Company confirms that on issue of the Additional Fundraise Shares and
following Admission, the Company's enlarged issued ordinary share capital will
comprise 2,561,520,532 Ordinary Shares.
The Company does not hold any Ordinary Shares in Treasury. Therefore,
following Admission, the above figure may be used by shareholders in the
Company as the denominator for the calculations to determine if they are
required to notify their interest in, or a change to their interest in the
Company, under the FCA's Disclosure Guidance and Transparency Rules.
Director's participation
Mr Newman has subscribed for the following Additional Fundraising Shares:
Director Additional Subscription amount Total Number of new ordinary shares Resultant shareholding Resultant interest in enlarged share capital
Jim Newman £12,000 40,000,000 255,000,000* 9.96%
*including 215,000,000 existing ordinary shares held by Dos Hermanos
International, LLC, of which Mr Newman is a principal.
Beaumont Cornish Limited, which is authorised and regulated in the United
Kingdom by the Financial Conduct Authority, is acting as nominated adviser to
the Company in relation to the matters referred herein. Beaumont Cornish
Limited is acting exclusively for the Company and for no one else in relation
to the matters described in this announcement and is not advising any other
person and accordingly will not be responsible to anyone other than the
Company for providing the protections afforded to clients of Beaumont Cornish
Limited, or for providing advice in relation to the contents of this
announcement or any matter referred to in it.
This announcement contains inside information for the purposes of Article 7 of
the Market Abuse Regulation (EU) No. 596/2014, as it forms part of UK Domestic
Law by virtue of the European Union (Withdrawal) Act 2018. Upon the
publication of this announcement, this inside information is now considered to
be in the public domain.
For further information, contact:
Nostra Terra Oil and Gas Company plc Email: paul@ntog.co.uk
Paul Welch, CEO
Beaumont Cornish Limited Tel: +44 (0) 20 7628 3396
(Nominated Adviser)
James Biddle / Roland Cornish
SP Angel Corporate Finance LLP Tel: +44 (0) 20 3470 0470
(Broker)
Richard Hail / Adam Cowl
Celicourt Communications Tel: +44 (0) 20 7770 6424
Email:
NTOG@celicourt.uk
(PR/IR)
Mark Antelme / Jimmy Lea
NOTIFICATION AND PUBLIC DISCLOSURE OF TRANSACTIONS BY PERSONS DISCHARGING
MANAGERIAL RESPONSIBILITIES AND PERSONS CLOSELY ASSOCIATED WITH THEM
1 Details of the person discharging managerial responsibilities / person closely
associated
a) Name 1) Jim Newman
2 Reason for the notification
a) Position/status 1) Non-Executive Director
b) Initial notification /Amendment Initial notification
3 Details of the issuer, emission allowance market participant, auction
platform, auctioneer or auction monitor
a) Name Nostra Terra Oil and Gas Company plc
b) LEI 213800JO9A4LO19YJ129
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 financial instrument, type of instrument Ordinary shares of £0.0001 each
Identification code
GB00BZ76F335
b) Nature of the transaction Fundraise of ordinary shares
c) Price(s) and volume(s) PDMR Price No. of shares
Jim Newman £0.0003 40,000,000
d) Aggregated information N/A, single transaction
- Aggregated volume
- Price
e) Date of the transaction 2 August 2024
f) Place of the transaction Outside a trading venue
d)
Aggregated information
- Aggregated volume
- Price
N/A, single transaction
e)
Date of the transaction
2 August 2024
f)
Place of the transaction
Outside a trading venue
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