20th May 2010 16:47
For immediate release 20 May 2010
Chariot Oil & Gas Limited
Exercise of Warrants
Pursuant to an assignment of warrants to Sirius Investment Management LP Incorporated ("Sirius") dated 7th May 2008, summary details of which were contained in the Company's AIM admission document dated 13th May 2008, the Company received valid notice on 12th May 2010 from Sirius that it intended to exercise its entitlement to purchase 68,547 new ordinary shares of 1 pence each in the capital of the Company at a price of 65 pence per share. Accordingly, the Company has issued and allotted 68,547 new ordinary shares to Sirius and application will be made for these new shares to be admitted to trading on AIM.
For further information please contact:
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Chariot Oil & Gas Limited |
+44 (0)20 7318 0450 |
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Paul Welch, CEO |
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Ambrian Partners Limited (Broker and NOMAD) Richard Swindells |
+44 (0)20 7634 4856
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Buchanan Communications |
+44 (0)20 7466 5000 |
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Bobby Morse, Ben Romney, Chris McMahon |
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NOTES TO EDITORS
About Chariot
Chariot Oil & Gas Limited (www.chariotoilandgas.com) is an independent oil and gas exploration group. The Group currently holds licences covering eight blocks in Namibia, all of which are offshore. All of these blocks are currently in the exploration phase.
Shares in Chariot Oil & Gas limited are admitted to trading on the AIM Market of the London Stock Exchange under the symbol 'CHAR'.
Related Shares:
Chariot