Victoria Oil & Gas Plc, the oil and gas company with assets in Cameroon and the FSU, announces today that it shall allot, conditional on admission, a further 3,919,640 ordinary shares of 0.5 pence each in the Company ('Ordinary Shares').
Of these, 3,520,907 Ordinary Shares will be issued in lieu of cash payment to an adviser at a price of 4.6 pence per share and 398,733 Ordinary Shares will be allotted to employees in lieu of cash salary for the six month period ended 31 January 2010 in accordance with their standard employment contracts at a weighted average month-end market price of 5.4 pence per share.
Application has been made to the London Stock Exchange for 3,919,640 Ordinary Shares to be admitted to AIM and it is expected that dealings will commence on 15 February 2010. These shares will rank pari passu in all respects with the existing issued Ordinary Shares in the Company. The total issued share capital of VOG following this allotment will be 996,113,674 Ordinary Shares. The Company does not hold any Ordinary Shares in treasury and so the total number of voting rights in the Company is 996,113,674.
For further information, please contact:
Victoria Oil & Gas Plc - Tel: +44 (0) 20 7921 8820
George Donne / Kevin Foo
Strand Hanson Limited - Tel: +44 (0) 20 7409 3494
Simon Raggett / Angela Peace
Fox-Davies Capital - Tel: +44 (0) 20 7936 5220
Daniel Fox-Davies / Oliver Stansfield
Conduit PR - Tel: +44 (0) 20 7429 6607
Jonathan Charles / Ed Portman