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Falcon Oil & Gas Ltd. Message Board

  • sheetwise sheetwise Jan 9, 2013 10:16 PM Flag

    Lot's of shares outstanding

    I guess these guys like to do everything big. 7 million acres in Australia parnered with Hess. 7.5 million acres in South Africa partnered with Chevron,

    And 700 million shares outstanding!

    They gotta find a lot of gas to move the share price. Maybe I'll just watch it for a while. Or should I take a nibble?

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    • another 120 million shares on the way....

      Falcon Oil & Gas Ltd. (TSXV:FO) (“Falcon” or “the Company”), is pleased to announce its application for admission (“Admission”) to trading on the AIM market of the London Stock Exchange (symbol: FOG) and the ESM market of the Irish Stock Exchange (symbol: FAC) of the Company’s existing share capital and the additional 120,381,973 new common shares in the capital of the Company to be issued pursuant to the concurrent conditional brokered private placement (the “Placing”) of new common shares at a price of 14 pence (C$0.215) per share to raise gross proceeds of US$ 25 million (£16.9 million). It is expected that dealings will commence on AIM and ESM on 28 March 2013.

 
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