TomCo Energy PLC GBP100,000 Equity Fundraise (9961P)
2023年10月13日 - 3:00PM
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TIDMTOM
RNS Number : 9961P
TomCo Energy PLC
13 October 2023
13 October 2023
TOMCO ENERGY PLC
("TomCo" or the "Company")
GBP100,000 Equity Fundraise
TomCo Energy plc (AIM: TOM), the US operating oil development
group focused on using innovative technology to unlock
unconventional hydrocarbon resources, announces that the Company
has raised gross proceeds of GBP100,000 by way of a subscription
for 125,000,000 new ordinary shares of no-par value each in the
capital of the Company ("Ordinary Shares") (the "Subscription
Shares") at a price of 0.08 pence per share (the "Subscription").
The Subscription has been undertaken with an existing shareholder
in the Company.
The Subscription Shares will represent approximately 3.9 per
cent. of the Company's enlarged issued share capital. The
Subscription price represents a premium of approximately 45.5 per
cent. to the mid-market closing price on AIM of 0.055 pence per
Ordinary Share on 12 October 2023, being the latest practicable
business day prior to the date of this announcement.
The Subscription has been undertaken to provide additional funds
to cover the Company's anticipated expenditure as it seeks to
progress its plans for its wholly owned subsidiary, Greenfield
Energy LLC ("Greenfield"), in relation to the Tar Sands Holdings II
LLC ("TSHII") site located in the Uinta Basin, Utah, United States.
As previously announced, Greenfield owns a 10% Membership Interest
in TSHII with an exclusive option, at its sole discretion, to
acquire the remaining 90% of the Membership Interests for
additional cash consideration of US$17.25 million up to 31 December
2023 (the "Option"), together with a matching right as detailed in
the Company's announcement of 6 June 2023.
The Company continues to pursue a number of routes, as set out
in its announcement of 17 August 2023, to secure a potential
funding package for Greenfield, that would, inter alia, enable
Greenfield to ultimately exercise the Option and pursue its
previously announced wider development plans. Such funding exercise
is taking significantly longer than expected in the current
challenging economic environment, but the Company remains in active
discussions and the Board remains optimistic that an appropriate
transaction can be successfully agreed in Q4 2023. However, there
can be no certainty that an appropriate funding proposal for
Greenfield will ultimately be successfully concluded or as to the
precise terms or structure of any such funding package or financing
arrangement for Greenfield. Further announcements will be made in
due course as appropriate.
Admission and Total Voting Rights
Application will be made to the London Stock Exchange for the
125,000,000 Subscription Shares to be admitted to trading on AIM
("Admission"). It is expected that Admission will become effective
and that dealings in the Subscription Shares on AIM will commence
at 8.00 a.m. on or around 18 October 2023.
On Admission, the Company's issued share capital will consist of
3,187,408,610 Ordinary Shares, each with one voting right. There
are no shares held in treasury. Therefore, the Company's total
number of Ordinary Shares and voting rights will be 3,187,408,610
and this figure may be used by shareholders following Admission 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 Company under the FCA's Disclosure Guidance
and Transparency Rules.
Enquiries :
TomCo Energy plc
Malcolm Groat (Chairman) / John Potter (CEO) +44 (0)20 3823 3635
Strand Hanson Limited (Nominated Adviser)
James Harris / Matthew Chandler +44 (0)20 7409 3494
Novum Securities Limited (Broker)
Jon Belliss / Colin Rowbury +44 (0)20 7399 9402
IFC Advisory Limited (Financial PR)
Tim Metcalfe / Florence Chandler +44 (0)20 3934 6630
For further information, please visit www.tomcoenergy.com .
The information contained within this announcement is deemed by
the Company to constitute inside information as stipulated under
the Market Abuse Regulation (EU) No. 596/2014 as it forms part of
United Kingdom domestic law by virtue of the European Union
(Withdrawal) Act 2018, as amended by virtue of the Market Abuse
(Amendment) (EU Exit) Regulations 2019. .
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END
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(END) Dow Jones Newswires
October 13, 2023 02:00 ET (06:00 GMT)
Tomco Energy (AQSE:TOM.GB)
過去 株価チャート
から 11 2024 まで 12 2024
Tomco Energy (AQSE:TOM.GB)
過去 株価チャート
から 12 2023 まで 12 2024