News Column

Clontarf Energy Issues 95.6 Million Shares In Placing, Reimbursements

July 21, 2014

Hana Stewart-Smith



LONDON (Alliance News) - Clontarf Energy PLC said Monday it has raised GBP121,500 through the placing of 16.2 million new shares at a price of 0.75 pence per share.



Shares in Clontarf were trading up 5.1% at 1.02 pence Monday morning.



Clontarf is an exploration and production company focused on Africa and South America.



Additionally, it said it also agreed to issue 9.1 million shares to a creditor, and, as reported earlier Monday, intends to issue a further 70.3 million shares to repay director loans and accrued remuneration totalling GBP409,382 and GBP117,888 respectively at the same price.



The director's loan shares will be issued as follows:





Director

Existing shareholding

Directors' Loan Shares

Enlarged shareholding

% of enlarged share capital

 

 

 

 

 

John Teeling

22,286,633

31,906,122

54,192,755

14.16

David Horgan

10,842,233

11,108,655

21,950,888

5.73

James Finn

11,024,867

27,287,855

38,312,722

10.01



 








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Source: Alliance News


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