Sign up United Kingdom
Proactive Investors - Run By Investors For Investors

Mosman Oil And Gas updates on pending relaunch of GEM International

GEM International is to relaunched as Norseman Capital, and, following a capital reorganisation is planning a share placing
oil and gas operations
GEM has now completed necessary paperwork

Mosman Oil And Gas Ltd (LON:MSMN) told investors that it expects GEM International Resources Inc (CVE:GI) will have its suspension lifted on the trading of its shares.

The AIM-quoted junior oiler has a shareholding in GEM which has now completed financial reports and other corporate requirements necessary to resume its listing in Canada.

READ: Mosman Oil and Gas raises £600,000 to accelerate production growth

Additionally, at an AGM on Tuesday, the 2017 financial statements were approved along with proposals for a capital reorganisation (a 1-for-10 share consolidation) and a relaunch under the new name Norseman Capital Limited.

It is also anticipated that, as Norseman, the company will seek to introduce new capital which would support new ventures .

Mosman chairman John Barr, who is presently interim chief executive at GEM, is expected to step down from his role at GEM over the coming months, meanwhile, it will also review its shareholding in GEM.

View full MSMN profile View Profile

Mosman Oil And Gas Timeline

Related Articles

If contracts can be agreed, they might result in the installation of Powerhouse’s DMG technology at multiple locations
offshore oil rig
May 08 2018
Life has been tough in the oil sector in recent years, but things started to pick up towards the end of 2017
oil barrels
April 26 2018
If the appraisal well is successful it could potentially be brought online as part of an early production scheme

No investment advice

The Company is a publisher. You understand and agree that no content published on the Site constitutes a recommendation that any particular security, portfolio of securities, transaction, or investment strategy is suitable or advisable for any specific person. You further understand that none of the information providers or their affiliates will advise you personally concerning the nature, potential, advisability, value or suitability of any particular security, portfolio of securities, transaction, investment strategy, or other matter.

You understand that the Site may contain opinions from time to time with regard to securities mentioned in other products, including company related products, and that those opinions may be different from those obtained by using another product related to the Company. You understand and agree that contributors may write about securities in which they or their firms have a position, and that they may trade such securities for their own account. In cases where the position is held at the time of publication and such position is known to the Company, appropriate disclosure is made. However, you understand and agree that at the time of any transaction that you make, one or more contributors may have a position in the securities written about. You understand that price and other data is supplied by sources believed to be reliable, that the calculations herein are made using such data, and that neither such data nor such calculations are guaranteed by these sources, the Company, the information providers or any other person or entity, and may not be complete or accurate.

From time to time, reference may be made in our marketing materials to prior articles and opinions we have published. These references may be selective, may reference only a portion of an article or recommendation, and are likely not to be current. As markets change continuously, previously published information and data may not be current and should not be relied upon.

© Proactive Investors 2018

Proactive Investors Limited, trading as “Proactiveinvestors United Kingdom”, is Authorised and regulated by the Financial Conduct Authority.
Registered in England with Company Registration number 05639690. Group VAT registration number 872070825 FCA Registration number 559082. You can contact us here.

Market Indices, Commodities and Regulatory News Headlines copyright © Morningstar. Data delayed 15 minutes unless otherwise indicated. Terms of use