Deals



Completion of the OKE Acquisition and Placing


Posted: 4th April 2013 09:40

Northcote, an onshore US oil and gas exploration and production company, is pleased to announce that, further to the announcement by the Company on 25 March 2013, the OKE Acquisition has now completed. As previously announced, the Company has 120 days from completion of the OKE Acquisition to issue the OKE Consideration Shares to the Seller. The Company will make a further announcement when the OKE Consideration Shares have been issued and will make an application for these shares to be admitted to trading on AIM.

The Company is also pleased to announce that the Placing Shares and the Adviser Shares were admitted to trading on AIM at 8.00am today (`Admission'). Following Admission, the Company's issued share capital consists of 991,412,716 Ordinary Shares, all with voting rights. The total number of current voting rights in the Company is therefore 991,412,716. This figure (991,412,716 Ordinary Shares) may be used by shareholders as the denominator for the calculation by which they will determine if they are required to notify their interest in, or a change in their interest in, the Company
The Company will make further announcements upon completion of the acquisition of the Eagle WI and the Horizon Acquisition.

Defined terms in this announcement not otherwise defined shall have the same meaning as is ascribed to them in the announcement of 25 March 2013.

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