Eco (Atlantic) Oil and Gas Ltd. Announces Completion of Direct Equity Subscription of US$10m

Executive Summary

• Eco Atlantic Oil & Gas confirmed that all conditions (except Admission) for its previously announced subscription of 26,909,091 new common shares at £0.275 per share have been satisfied.
• The subscription includes one warrant per share, exercisable at £0.40 per share for three years from the date of AIM admission on 30 January 2026.
• Post‑admission, Eco’s issued share capital will total 342,141,027 common shares, providing a new equity base and liquidity on AIM.

Key Details

• Subscription Size: 26,909,091 new common shares.
• Issue Price: £0.275 per share (CAD 0.51).
• Warrant Terms: One warrant per subscription share; each warrant allows purchase of one additional common share at an exercise price of £0.40 (CAD 0.74); exercisable for three years from AIM admission date.
• AIM Admission: Scheduled for 8:00 am GMT on 30 January 2026.
• Resulting Share Capital: 342,141,027 common shares outstanding after admission.
• Use of Proceeds: Not detailed in this release; refer to the 23 January 2026 announcement titled “Direct Equity Subscription of US$10 million and Issue of Warrants” for full terms and intended use.
• Regulatory Status: Shares not registered under U.S. or Canadian securities laws; cannot be offered/sold in those jurisdictions absent registration or exemption.
• Advisors & Brokers:
• Financial & Nominated Adviser – Strand Hanson
• Joint Brokers – Canaccord Genuity Capital Markets, Berenberg
• PR – Celicourt

Notable Quotes

(No direct quotes were provided in the release.)