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Mosman Oil & Gas - Sale of Norseman shares

RNS Number : 5521L
Mosman Oil and Gas Limited
13 January 2021
 

 

13 January 2021

 

Mosman Oil and Gas Limited

("Mosman" or the "Company")

 

 Sale of Norseman shares

 

 

Mosman Oil and Gas Limited (AIM: MSMN) the oil exploration, development and production company, announces that it has sold its remaining 510,000 shares that it owned in the Canadian listed Norseman Silver Inc. (previously GEM) for cAUD208,000.

 

The sale is a considerable surplus to the written down value as at 30 June 2020 of cAUD27,000.

 

Mosman now holds no interest or shares in Norseman.

 

Funds generated from the sale will be added to Mosman's cash reserves.

 

Market Abuse Regulation (MAR) Disclosure

Certain information contained in this announcement would have been deemed inside information for the purposes of Article 7 of Regulation (EU) No 596/2014 until the release of this announcement.

 

 

Enquiries:

Mosman Oil & Gas Limited

John W Barr, Executive Chairman

Andy Carroll, Technical Director

jwbarr@mosmanoilandgas.com

acarroll@mosmanoilandgas.com

 

NOMAD and Joint Broker

SP Angel Corporate Finance LLP

Stuart Gledhill / Richard Hail / Adam Cowl

+44 (0) 20 3470 0470

 

Alma PR

Justine James

+44 (0) 20 3405 0205

+44 (0) 7525 324431

mosman@almapr.co.uk

 

Joint Broker

Monecor (London) Ltd trading as ETX Capital

Thomas Smith

+44 (0) 20 7392 1432

 



 

 

 

 

 

 

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