Update on Settlement of Magnolia Shares

RNS Number : 5545M

Nostra Terra Oil & Gas Company PLC

31 July 2017

 

31 July 2017

Nostra Terra Oil and Gas Company plc

("Nostra Terra" or the "Company")

Update on Settlement of Magnolia Shares

Further to Nostra Terra's announcements of 26 May 2017 and 5 July 2017, the Company announces that the transfer of 204,226,749 ordinary shares of £0.001 each in Magnolia ("Magnolia Shares") from Steven Snead and his family ("Snead Family") is currently being processed and is anticipated to complete in the coming weeks. 

As announced on 5 July 2017, transfer of legal title was to have been completed by 31 July 2017 but has taken longer due to administrative delays in delivering certificated stock held in family trusts from the US.

This announcement contains inside information for the purposes of Article 7 of EU Regulation 596/2014.

For further information, visit www.ntog.co.uk or contact:

Nostra Terra Oil and Gas Company plc Matt Lofgran, CEO			[phone]
Strand Hanson Limited (Nominated Adviser and Joint Broker)			[phone]
Rory Murphy / Ritchie Balmer / Jack Botros
Smaller  Company Capital Limited (Joint Broker)			[phone]
Rupert Williams / Jeremy Woodgate

 

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