Arrow Exploration Corp. Exercise of Warrants and TVR (1750R)
25 Octobre 2023 - 8:00AM
UK Regulatory
TIDMAXL
RNS Number : 1750R
Arrow Exploration Corp.
25 October 2023
NOT FOR RELEASE, DISTRIBUTION, PUBLICATION, DIRECTLY OR
INDIRECTLY, IN WHOLE OR IN PART, IN OR INTO OR FROM THE UNITED
STATES, AUSTRALIA, JAPAN, THE REPUBLIC OF SOUTH AFRICA OR ANY OTHER
JURISDICTION WHERE TO DO SO MIGHT CONSTITUTE A VIOLATION OF THE
RELEVANT LAWS OR REGULATIONS OF SUCH JURISDICTION.
ARROW'S EXERCISE OF WARRANTS AND TOTAL VOTING RIGHTS
Issue of Equity & Total Voting Rights
CALGARY, October 25, 2023 - Arrow Exploration Corp. (AIM: AXL;
TSXV: AXL) ("Arrow" or the "Company"), the high-growth operator
with a portfolio of assets across key Colombian hydrocarbon basins,
announces that pursuant to the receipt of notices for the exercise
of warrants issued in October 2021, it has issued 2,333,026 new
Common Shares of no par value ("Common Shares").
Of the 2,333,026 new Common Shares, 2,086,293 have been issued
under the Company's block listing filed in May 2023. An application
has been made for the remaining 250,733 new Common Shares to be
admitted to trading on AIM ("Admission"). It is expected that
Admission of the 250,733 Common Shares not included in the block
listing will occur on 27 October 2023.
Following the issue under the block listing and the Admission of
the new Common Shares, the issued share capital of the Company will
comprise of 285,864,348 Common Shares with one vote per share. This
figure may be used 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 share capital of the
Company under the Financial Conduct Authority's Disclosure Guidance
and Transparency Rules. Additionally, as of today, the Company
still has 375,000 warrants outstanding to be exercised until
November of this year.
For further Information, contact:
Arrow Exploration
Marshall Abbott, CEO +1 403 651 5995
Joe McFarlane, CFO +1 403 818 1033
Brookline Public Relations, Inc.
Shauna MacDonald +1 403 538 5645
Canaccord Genuity (Nominated Advisor
and Joint Broker)
Henry Fitzgerald-O'Connor
James Asensio
Gordon Hamilton +44 (0)20 7523 8000
Auctus Advisors (Joint Broker)
Jonathan Wright (Corporate) + 44 (0)7711 627449
Rupert Holdsworth Hunt (Broking)
Camarco (Financial PR)
Andrew Turner +44 (0)20 3781 8331
Rebecca Waterworth
Kirsty Duff
About Arrow Exploration Corp.
Arrow Exploration Corp. (operating in Colombia via a branch of
its 100% owned subsidiary Carrao Energy S.A.) is a publicly traded
company with a portfolio of premier Colombian oil assets that are
underexploited, under-explored and offer high potential growth. The
Company's business plan is to expand oil production from some of
Colombia's most active basins, including the Llanos, Middle
Magdalena Valley (MMV) and Putumayo Basin. The asset base is
predominantly operated with high working interests, and the
Brent-linked light oil pricing exposure combines with low royalties
to yield attractive potential operating margins. By way of a
private commercial contract with the recognized interest holder
before Ecopetrol S.A., Arrow is entitled to receive 50% of the
production from the Tapir block. The formal assignment to the
Company is subject to Ecopetrol's consent. Arrow's seasoned team is
led by a hands-on executive team supported by an experienced board.
Arrow is listed on the AIM market of the London Stock Exchange and
on TSX Venture Exchange under the symbol "AXL".
Forward-looking Statements
This news release contains certain statements disclosures
relating to Arrow that are based on the expectations of its
management as well as assumptions made by and information currently
available to Arrow which may constitute forward-looking statements
information ("forward-looking statements") under applicable
securities laws. All such statements and disclosures, other than
those of historical fact, which address activities, events,
outcomes, results developments that Arrow anticipates expects may,
occur in the future (in whole in part) should be considered
forward-looking statements. In some cases, forward-looking
statements can be identified by the use of the words "continue",
"expect", "opportunity", "plan", "potential" and "will" and similar
expressions. The forward-looking statements contained in this news
release reflect several material factors and expectations and
assumptions of Arrow, including without limitation, Arrow's
evaluation of the impacts of COVID-19, the potential of Arrow's
Colombian and/Canadian assets (any of them individually), the
prices of oil and/natural gas, and Arrow's business plan to expand
oil and gas production and achieve attractive potential operating
margins. Arrow believes the expectations and assumptions reflected
in the forward-looking statements are reasonable at this time, but
no assurance can be given that these factors, expectations, and
assumptions will prove to be correct.
The forward-looking statements included in this news release are
not guarantees of future performance and should not be unduly
relied upon. Such forward-looking statements involve known and
unknown risks, uncertainties and other factors that may cause
actual results events to differ materially from those anticipated
in such forward-looking statements. The forward-looking statements
contained in this news release are made as of the date hereof and
the Company undertakes no obligations to update publicly revise any
forward-looking statements, whether as a result of new information,
future events otherwise, unless so required by applicable
securities laws.
Neither TSX Venture Exchange nits Regulation Services Provider
(as that term is defined in policies of the TSX Venture Exchange)
accepts responsibility of the adequacy accuracy of this
release.
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 rns@lseg.com or visit www.rns.com.
RNS may use your IP address to confirm compliance with the terms
and conditions, to analyse how you engage with the information
contained in this communication, and to share such analysis on an
anonymised basis with others as part of our commercial services.
For further information about how RNS and the London Stock Exchange
use the personal data you provide us, please see our Privacy
Policy.
END
IOEBZLLLXBLFFBQ
(END) Dow Jones Newswires
October 25, 2023 02:00 ET (06:00 GMT)
Arrow Exploration (LSE:AXL)
Graphique Historique de l'Action
De Mai 2024 à Juin 2024
Arrow Exploration (LSE:AXL)
Graphique Historique de l'Action
De Juin 2023 à Juin 2024