Falcon Oil & Gas Ltd (UK) (TSE:FO) has released an update.
Falcon Oil & Gas Ltd. has received conditional approval from the TSX Venture Exchange for a second tranche of shares subscribed by Sheffield Holdings LP, adding 6,638,597 new shares at £0.06p each. This transaction increases Sheffield Holdings LP’s stake to 10.49% of Falcon’s enlarged share capital, with the new shares expected to commence trading on the AIM market on 10 May 2024. The company, with a focus on unconventional oil and gas assets, primarily in Australia, will have a total issued capital of 1,109,141,512 shares post-admission.
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