REG - Mosman Oil & Gas - Result of Extraordinary General Meeting

Mosman Oil and GasAnnouncement

07/02/2024 10:00

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RNS Number : 3363C  Mosman Oil and Gas Limited  07 February 2024

7 February 2024

 

Mosman Oil and Gas Limited

("Mosman" or the "Company")

 

Result of Extraordinary General Meeting

 

Mosman Oil and Gas Limited (AIM: MSMN) the hydrocarbon, helium and hydrogen
exploration, development, and production company, announces that it held an
Extraordinary General Meeting (EGM) in Sydney earlier today.

 

The Board is pleased to announce that both Resolutions 1 and 2 were passed by
way of a show of hands with overwhelming support via proxy, and provides
notice this day that in accordance with the previously announced Director
Subscription the Company will issue 84,210,526 Shares at 0.0125p per share and
42,105,263 Warrants, exercisable at 0.025p each with a two year expiry,  to
Executive Director and CEO Andrew Carroll, and 42,105,263 Shares at 0.0125p
per share and 21,052,632 Warrants, exercisable at 0.025p each with a two year
expiry,to Non-Executive Chairman Nigel Harvey. Following the issue of the
shares and warrants, Mr Carroll will hold 147,867,860 shares and 42,105,263
warrants, and Mr Harvey will hold 42,242,763 shares and 21,052,632 warrants.

 

The following proxies were received in respect of the Resolutions:

 

 

 Resolution    For          Against    Percentage voted in favour
 Resolution 1  632,260,823  2,259,493  99.6%
 Resolution 2  695,780,657  2,259,493  99.7%

 

 Admission to AIM and Total Voting Rights

 

Application has been made to the London Stock Exchange for the Director
Subscription shares, which will rank pari passu with the Company's existing
issued ordinary shares, to be admitted to trading on AIM and dealings are
expected to commence at 8:00 a.m. on or about 13 February 2024.

 

Following the issue of the Director Subscription shares, the Company's share
and total voting rights will comprise 12,337,362,930 Ordinary Shares of no par
value and the Company does not hold any shares in treasury.

 

Consequently, the above figure 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 in accordance with the Companies' Articles.

 

 

 

Enquiries:

 Mosman Oil & Gas Limited       NOMAD and Joint Broker

 Andy Carroll                   SP Angel Corporate Finance LLP

 CEO                            Stuart Gledhill / Richard Hail / Adam Cowl

 acarroll@mosmanoilandgas.com   +44 (0) 20 3470 0470
 Alma                           Joint Broker

 Justine James / Will Merison   CMC Markets UK Plc

 +44 (0) 20 3405 0205           Douglas Crippen

 +44 (0) 7525 324431            +44 (0) 020 3003 8632

 mosman@almastrategic.com

Updates on the Company's activities are regularly posted on its
website: www.mosmanoilandgas.com (http://www.mosmanoilandgas.com/)

 

Notes to editors

Mosman (AIM: MSMN) is a hydrocarbon, helium and hydrogen exploration,
development, and production company with projects in the US and Australia.
Mosman's strategic objectives remain consistent: to identify opportunities
which will provide operating cash flow and have development upside, in
conjunction with progressing exploration of existing exploration permits. The
Company has several projects in the US, in addition to exploration projects in
the Amadeus Basin in Central Australia.

 

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