Springs Road Planning Decision
Egdon Resources plc (AIM:EDR) notes the announcement made today by operator IGas Energy plc (“IGas”) in relation to the decision of Nottinghamshire County Council’s Planning and Licensing Committee in respect of the Springs Road planning application. Egdon holds a 14.5% interest in PEDL140 where the proposed wells are located.
The IGas statement reads as follows;
“IGas Energy plc (“IGas”), one of the leading producers of hydrocarbons onshore Britain, is pleased to announce that Nottinghamshire County Council’s Planning and Licensing Committee has granted planning consent for the application to develop a hydrocarbon wellsite and drill up to two exploratory wells in Misson Springs, North Nottinghamshire.
Posting of Open Offer Circular
NOT FOR RELEASE, PUBLICATION OR DISTRIBUTION, DIRECTLY OR INDIRECTLY, IN OR INTO THE UNITED STATES, AUSTRALIA, CANADA OR JAPAN OR ANY OTHER JURISDICTION WHERE TO DO SO WOULD CONSTITUTE A BREACH OF THE RELEVANT SECURITIES LAWS OF SUCH JURISDICTION.
This announcement does not constitute a prospectus or offering memorandum or an offer in respect of any securities and is not intended to provide the basis for any investment decision in respect of Egdon Resources plc or other evaluation of any securities of Egdon Resources plc or any other entity and should not be considered as a recommendation that any investor should subscribe for or purchase any such securities.
EGDON RESOURCES PLC
(“Egdon” or the “Company”)
Posting of Open Offer Circular
Egdon is pleased to announce that, further to its announcement of 1 November 2016, it has today posted a circular (the “Circular”) to Qualifying Shareholders regarding an Open Offer of up to approximately £2.06 million.
Exercise of Options
As a result of the exercise of share options by an employee, on 4 November 2016 Egdon Resources plc (AIM:EDR) issued 100,000 new ordinary shares of 1p each. Following this, and following the issue of the subscription shares as notified on 1 November 2016, the Company’s issued ordinary share capital will be 243,745,490 ordinary shares.