IN BRIEF: Arrow Exploration shareholders exercise warrants
18th Oct 2023 16:15
Arrow Exploration Corp - oil and gas company with projects in Colombia and Canada - Announces the exercise of warrants by its largest shareholders and management. Explains the warrants were issued in conjunction with the fourth quarter 2021 financing and had an exercise price of GBP0.09 per share. The company's largest shareholder, Canacol Energy Ltd, has exercised 18.4 million warrants and now holds around 21% of Arrow's share capital. It intends to hold its current interest. Tim Leslie, has exercised 10.2 million warrants and now holds a 6.3% stake in the company. Read More