19th Mar 2008 12:54
TomCo Energy PLC19 March 2008 TomCo Energy plc ('TomCo' or 'the Company') Re: Placing of Equity Further to the TomCo announcement released this morning regarding the placing of67,066,666 new ordinary shares of 0.5p each in the Company ("Ordinary Shares"),each two new Ordinary Shares placed have one warrant attached to subscribe for anew Ordinary Share, and a further warrant on the terms set out below: Strike price Term 1 2.5p 13 months 2 5.0p 13 months from the date of exercise of the first warrant Enquiries: TomCo Energy Plc +44 (0)20 7808 4857Howard Crosby Strand Partners Limited +44 (0)20 7409 3494Warren Pearce Bankside Consultants Ltd. +44 (0)20 7367 8888Simon Rothschild Notes:TomCo is an AIM listed company which continues to actively develop aconventional oil production profile in the South-Western United States. TheCompany also owns leases on approximately 3000 acres of shale oil holdings inUtah, estimated by SRK (an independent firm of mining consultants) to containsome 230 million barrels of oil. This information is provided by RNS The company news service from the London Stock ExchangeRelated Shares:
Tomco Energy