Eco has subscribed for 5mm new shares in JHI priced at US$2/sh, plus has been issued warrants for 9.2mm shares at a price of US$2/sh. The new shares represent 6.4% of JHI's enlarged basic shares and if the warrants are fully exercised Eco will hold an interest, ceteris paribus, of 10% in JHI on a fully diluted basis. The deal provides near term exposure to high impact exploration but also creates a strategic partnership and the opportunity for future collaboration between the companies, which bo ....
28 Jun 2021
Increasing and diversifying exposure to current high impact Guyana drilling
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Increasing and diversifying exposure to current high impact Guyana drilling
Eco (Atlantic) Oil & Gas Ltd. (ECO:LON) | 10.0 0.1 6.6% | Mkt Cap: 37.1m
- Published:
28 Jun 2021 -
Author:
Anish Kapadia | Jay Ashfield -
Pages:
4
Eco has subscribed for 5mm new shares in JHI priced at US$2/sh, plus has been issued warrants for 9.2mm shares at a price of US$2/sh. The new shares represent 6.4% of JHI's enlarged basic shares and if the warrants are fully exercised Eco will hold an interest, ceteris paribus, of 10% in JHI on a fully diluted basis. The deal provides near term exposure to high impact exploration but also creates a strategic partnership and the opportunity for future collaboration between the companies, which bo ....