(MENAFNEditorial) TORONTO, ONTARIO / ACCESSWIRE / November 16, 2017 / Eco (Atlantic) Oil & amp; Gas Ltd. (AIM: ECO, TSX-V:EOG), is pleased to announce that further to the Company's announcement on 13 November 2017 that the Subscription of shares by Africa Oil Corp ("AOC") has been completed.
Through this subscription, AOC has received 29,200,000 new common shares in Eco and now holds an interest of approximately 19.77 percent in the Company. Admission of these shares will be at 8:00am on 17 November 2017. Upon Admission, the Company will have a total of 147,683,433 common shares in issue. Following the completion of this transaction, Eco has now raised approximately CAD $14 million ( & #163;8.46 million) which will be used to actively identify, negotiate and contract new oil and gas exploration assets and conduct the initial work programmes.
For more information, please visit or contact the following:
Eco Atlantic Oil and Gas
+1 (416) 250 1955
Gil Holzman, CEO
Colin Kinley, COO
Alan Friedman, VP
Finlay Thomson, UK and IR manager
+44 (0) 7976 248471
Strand Hanson Limited (Financial & amp; Nominated Adviser)
+44 (0) 20 7409 3494
James Harris
Rory Murphy
James Bellman
Brandon Hill Capital Limited (Joint Broker)
+44 (0) 20 3463 5000
Alex Walker
Jonathan Evans
Robert Beenstock
Peterhouse Corporate Finance (Joint Broker)
+44 (0) 20 7469 0930
Eran Zucker
Duncan Vasey
Lucy Williams
Blytheweigh (PR)
+44 (0) 20 7138 3204
Nick Elwes
Tim Blythe
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SOURCE: Eco (Atlantic) Oil & amp; Gas Ltd.
MENAFN1611201700703708ID1096099598
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