Columbus is pleased to announce that, further to its announcement of 15 October 2018, it has today posted a circular (the "Circular") to Shareholders regarding the conditional placing of 71,428,571 new ordinary shares in the share capital of the Company (the "Placing Shares") at a price of 3.5 pence per Placing Share (the "Placing Price") to raise approximately £2.5 million (before expenses) (the "Placing"), subject to approval by shareholders at a General Meeting.
The General Meeting will be held at the offices of VSA Capital Limited, New Liverpool House, 15-17 Eldon Street, London EC2M 7LD at 11:00 a.m. on 2 November 2018.
Publication and posting of this Circular and the Form of Proxy
Latest time and date for receipt of Forms of Proxy
11:00 a.m. on 31 October
11:00 a.m. on 2 November
Announcement of results of the General Meeting and the Placing
Admission of New Ordinary Shares to trading and commencement of dealings
8:00 a.m. on 5 November
CREST accounts to be credited for New Ordinary Shares in uncertificated form
Despatch of definitive share certificates for New Ordinary Shares in
within 7 days of Admission
Each of the dates in the above timetable is subject to change at the absolute discretion of the Company. If any of the details should change, where appropriate, the revised times and/or dates will be notified to Shareholders by means of an announcement through a Regulatory Information Service.
Columbus Energy Resources plc
Leo Koot / Gordon Stein
+44 (0)20 7203 2039
VSA Capital Limited
Financial Adviser & Broker
Andrew Monk / Andrew Raca
+44 (0)20 3005 5000
Beaumont Cornish Limited
Roland Cornish / Rosalind Hill Abrahams
+44 (0)20 7628 3396
Public and Investor Relations
Georgia Edwards / James Crothers
+44 (0)20 3757 4983
Notes to Editors:
Columbus Energy Resources Plc is an oil and gas producer and explorer focused on onshore Trinidad with the ambition to grow in South America.
The Columbus Energy group has five producing fields, one development project and a highly prospective exploration portfolio in the South West Peninsula, which lies in the extreme southwest of Trinidad and consists of stacked shallow and deep prospects. Columbus is cashflow positive from operations 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.
This announcement contains inside information for the purposes of Article 7 of EU Regulation 596/2014 ("MAR").
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.
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