Issue of Equity

RNS Number : 3789W

Petro Matad Limited

25 January 2013

 



Petro Matad Limited

("Petro Matad" or the "Company")

Issue of Equity

Issue of Equity

Petro Matad announces that it will issue 500,000 ordinary shares of US$0.01 each under the Company's Long Term Equity Incentive Plan (the "Plan") (the "New Shares").  The New Shares will be issued, under the terms of the Plan, at nominal value.

Application has been made for the New Shares to be admitted to AIM and it is anticipated that this will occur on or around 31 January 2013.

Total Voting Rights

Following the issue of the New Shares, Petro Matad will have 186,676,001 shares in issue. There are no shares held in treasury and therefore the total voting rights in the Company will be 186,676,001.

About Petro Matad Limited

Petro Matad is the parent company of a group focussed on oil exploration, as well as future development and production in Mongolia.  The Group holds the sole operatorship of three Production Sharing Contracts with the Government of Mongolia.  Block XX has an area of 10,340km² in the far eastern part of the country.  Blocks, IV and V are located in central Mongolia.  Block IV covers approximately 29,000km² and Block V approximately 21,150km².

Petro Matad Limited is incorporated in the Isle of Man under company number 1483V.  Its registered office is at Victory House, Prospect Hill, Douglas, Isle of Man, IM1 1EQ.

Further information:

Petro Matad Limited

George Watkins, Chairman

[phone]

NOMAD and Joint Broker

Westhouse Securities Limited

Richard Baty / Petre Norton

[phone]

Joint Broker

Macquarie Capital (Europe) Limited

Jeffrey Auld / Steve Baldwin / Nicholas Harland

[phone]

 

END

 

 

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