REG - Zoltav Resources Inc - Issue of Equity <Origin Href="QuoteRef">HLMA.L</Origin> <Origin Href="QuoteRef">ZOLq.L</Origin>

HalmaAnnouncement

06/09/2014 02:14

For best results when printing this announcement, please click on the link
below:

http://pdf.reuters.com/Regnews/regnews.asp?i=43059c3bf0e37541&u=urn:newsml:reuters.com:20140612:nRSL4054Ja


RNS Number : 4054J
Zoltav Resources Inc
12 June 2014 
 
For immediate release: 12 June 2014 
 
Zoltav Resources Inc. 
 
("Zoltav" or the "Company") 
 
Issue of Equity 
 
Zoltav, the CIS-focused oil and gas company announces that, following the
receipt of a notice to exercise warrants over 100,000 ordinary shares of
$US0.2 in the Company ("Ordinary Shares") it has authorised the issue of
100,000 new Ordinary Shares (the "Warrant Exercise"). 
 
The new Ordinary Shares will rank pari passu with the existing Ordinary
Shares. Application has been made for admission of the new Ordinary Shares to
trading on AIM and admission is expected to occur on 13 June 2014. 
 
Following the Warrant Exercise, there will be 61,810,780 Ordinary Shares in
issue. This number 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. 
 
Contacts: 
 
 Zoltav Resources Inc.                           Tel. +44 (0)20 7016 9570   
 Symon Drake-Brockman, Executive Chairman        (via Vigo Communications)  
                                                                            
                                                                            
 Shore Capital (Nomad and Broker)                Tel. +44 (0)20 7408 4090   
 Pascal Keane or Toby Gibbs (Corporate Finance)                             
 Jerry Keen (Corporate Broking)                                             
                                                                            
 Vigo Communications                             Tel. +44 (0)20 7016 9570   
 Patrick d'Ancona or Ben Simons                  
 
 
About Zoltav 
 
Zoltav is an oil and gas exploration and development company building a
portfolio of assets in the CIS. Zoltav has a 100 per cent. interest in the
Koltogor Exploration and Production Licence and neighbouring Koltogor
Exploration Licence 10 located in the Khantiy-Mansisk Autonomous Okrug of
Western Siberia. The Koltogor Licence contains the Koltogor oil discovery with
probable reserves of 73.5 million barrels of oil. Zoltav is engaged in an
exploration and appraisal programme of the Koltogor Licences with a view to
developing the fields for commercial oil production. 
 
In parallel with its operations at Koltogor, Zoltav continues to review other
oil and gas acquisition opportunities across the CIS, with a particular
emphasis on the Russian Federation. 
 
The Company has announced the proposed acquisition of Royal Atlantic Energy
(Cyprus) Limited which, through a subsidiary, holds the Bortovoy Licence in
the Saratov Oblast of the Russian Federation, containing a number of gas
fields and probable reserves of 137.4 million barrels of oil equivalent; and
in 2013 produced approximately 13.9 billion cubic feet of gas and 0.3 million
barrels of condensate and oil. 
 
This information is provided by RNS
The company news service from the London Stock Exchange