REG - Mosman Oil & Gas - Warrant Exercise

Mosman Oil and GasAnnouncement

01/07/2024 09:45

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RNS Number : 5820U  Mosman Oil and Gas Limited  01 July 2024

1 July 2024

Mosman Oil and Gas Limited

("Mosman" or the "Company")

Warrant Exercise

Mosman Oil and Gas Limited (AIM: MSMN) the helium, hydrogen and hydrocarbon
exploration, development and production company, announces that it has
received notification to exercise warrants over a total of 820,000,000 new
Ordinary Shares of no par value in the share capital of the Company (the
'Warrant Shares') at a price of 0.025 pence per share.

 

The funds from the exercise of the warrants of circa AUD $389,000 will be
added to Mosman's existing cash reserves.

 

Total Voting Rights

Application will be made to the London Stock Exchange plc for 820,000,000 new
Ordinary Shares to be admitted to trading on the AIM market ("Admission") with
Admission expected to occur on or around 5 July 2024. The new Ordinary Shares
will rank pari passu in all respects with the existing Ordinary Shares
including the right to receive any dividend or other distribution thereafter
declared, made or paid. There are no Ordinary Shares held in treasury.
Following Admission of the 820,000,000 new Ordinary Shares the total number of
voting rights in the Company will be 13,945,362,930.

 

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 in their interest in, the
share capital of the Company under the Company's Constitution.

 

Market Abuse Regulation (MAR) Disclosure

The information contained within this announcement is deemed by the Company to
constitute inside information as stipulated under the Market Abuse Regulations
(EU) No. 596/2014 ('MAR') which has been incorporated into UK law by the
European Union (Withdrawal) Act 2018. Upon the publication of this
announcement via Regulatory Information Service ('RIS'), this information is
now considered to be in the public domain.

 

Enquiries:

 Mosman Oil & Gas Limited                                             NOMAD and Joint Broker

 Andy Carroll, Technical Director                                     SP Angel Corporate Finance LLP

 acarroll@mosmanoilandgas.com (mailto:acarroll@mosmanoilandgas.com)   Stuart Gledhill / Richard Hail / Adam Cowl

                                                                      +44 (0) 20 3470 0470
 Alma                                                                 Joint Broker

 Justine James                                                        CMC Markets UK Plc

 +44 (0) 20 3405 0205                                                 Douglas Crippen

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

 mosman@almastrategic.com (mailto:mosman@almapr.co.uk)

 

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 helium, hydrogen, and hydrocarbon 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 whilst
maximising the opportunity for further production growth and increasing
cashflow from its current US projects.

 

Mosman has two exploration areas in the Amadeus Basin in Central Australia
which are well positioned to take advantage of the increasing demand for
Helium and Hydrogen, in addition to oil and gas. Mosman recently acquired an
interest in helium exploration in Colorado, USA.

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