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Columbus Energy Res - Issue of Equity - Total Voting Rights

RNS Number : 9388T
Columbus Energy Resources PLC
19 November 2019

19 November 2019


("Columbus", "CERP" or the "Company")

Issue of Equity - Total Voting Rights


On 11 November 2019 the Company announced the entry into a Medium-Term Funding Agreement (the "Agreement") with Lind Global Macro Fund LP (the "Funder").  The Company has drawn down on the first tranche (US$1.5 million) under the Agreement and pursuant to the Agreement has now issued 7,500,000 ordinary shares in the Company to the Funder as collateral ("Collateral Shares"). The Funder has paid par value for the Collateral Shares and if the Funder calls upon the Collateral Shares it shall pay the Company the then current market price of the Collateral Shares called minus the par value previously paid.  

The Collateral Shares represent 0.89% of the 839,010,742 ordinary shares in issue prior to the issuance of the Collateral Shares. 

The Collateral Shares will rank pari passu in all respects with the Company's existing ordinary shares. An application has been made for the Collateral Shares to be admitted to trading on AIM, ("Admission"), and it is expected that Admission will become effective and that dealings will commence on or around 20 November 2019.

Total Voting Rights

For the purposes of the Disclosure and Transparency Rules of the Financial Conduct Authority, the Board of Columbus hereby notifies the market of the following:

As at the date of this announcement, and after the issuance of the Collateral Shares, the Company's issued share capital consists of 846,510,742 ordinary shares with a nominal value of 0.05p each, with voting rights ("Ordinary Shares"). The Company does not hold any Ordinary Shares in Treasury.

Therefore, the total number of Ordinary Shares in the Company with voting rights is 846,510,742. This figure may be used by Shareholders in the Company as denominator for the calculations by which they may determine if they are required to notify their interest in, or a change to their interest in, the Company under the Financial Conduct Authority's Disclosure Guidance and Transparency Rules.



Columbus Energy Resources Plc

+44 (0) 207 203 2039

Leo Koot / Gordon Stein

Beaumont Cornish Limited

+44 (0) 20 7628 3396


Roland Cornish / Rosalind Hill Abrahams

VSA Capital

+44 (0) 20 3005 5000


Andrew Monk / Andrew Raca

Celicourt Communications

Public and Investor Relations

Mark Antelme / Jimmy Lea

+44 (0) 20 8434 2643


Notes to Editors:

Columbus Energy Resources Plc is an oil and gas producer and explorer focused on onshore Trinidad and Suriname. In Trinidad, the Columbus Energy group has five producing fields, one appraisal/development project and a highly prospective exploration portfolio in the South West Peninsula ("SWP"), which lies in the extreme southwest of Trinidad and consists of stacked shallow and deep prospects. In Suriname, the Company has recently secured an onshore appraisal/development project. Columbus and aims to create transformational growth by developing its portfolio in a capital efficient and disciplined manner.    

Columbus is guided by the following core values; safe and sustainable, stronger together, creative excellence, positive energy, totally trusted and personally responsible.

The Company is led by an experienced Board and senior management team with supportive shareholders and intends on leveraging its expertise and experience to build an attractive and diversified portfolio of assets across South America in order to build an oil production led South American exploration business. 

To find out more, visit www.columbus-erp.com or follow us on Twitter @Columbus_ERP.


This information is provided by RNS, the news service of the London Stock Exchange. RNS is approved by the Financial Conduct Authority to act as a Primary Information Provider in the United Kingdom. Terms and conditions relating to the use and distribution of this information may apply. For further information, please contact [email protected] or visit www.rns.com.

Quick facts: Columbus Energy Resources PLC

Price: -

Market: AIM
Market Cap: -

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