Exercise of Options
Eco (Atlantic) Oil and Gas Ltd. has announced the exercise of stock options for 600,000 common shares from the late Colin Kinley Family Estate, generating proceeds of US$132,111 (CAD$180,000) at an exercise price of US$0.22 (CAD$0.30) per share. Application has been made for the admission of these 600,000 new common shares to trading on the TSX Venture Exchange and AIM, expected around May 14, 2026. Upon admission, the total issued share capital will be 349,209,027 common shares, with each share carrying one vote.
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Eco (Atlantic) Oil & Gas Ltd. (AIM: ECO, TSX ‐ V: EOG), the oil and gas exploration company focused on the offshore Atlantic Margins, announces that it has received a notice of exercise from the in respect of stock options over 600,000 common shares of no-par value each in the Company ("Common Shares") which belong to the late Colin Kinley Family Estate. The options were exercisable at a price of US$0.22 (CAD$0.30) per share and the Company has received proceeds of US$132,111 (CAD$180,000) in respect of the exercise.
Total Voting Rights
Application has been made for admission to trading on the TSX Venture Exchange and AIM of a total of 600,000 new Common Shares of no-par value ("Admission"). Admission is expected on or about 14 May 2026. On Admission, the new Common Shares will rank pari passu with the Company's existing Common Shares. Following Admission, the Company's issued share capital will consist of 349,209,027 Common Shares, with each Common Share carrying the right to one vote. The Company does not hold any Common Shares in treasury.
For more information, please visit www.ecooilandgas.com or contact the following.
| Eco Atlantic Oil and Gas | c/o Celicourt +44 (0) 20 7770 6424 |
| Strand Hanson (Financial & Nominated Adviser) | +44 (0) 20 7409 3494 |
| James Harris, James Bellman, Edward Foulkes | |
| Canaccord Genuity (Joint Broker) | +44 (0) 20 7523 8000 |
| Henry Fitzgerald-O'Connor, Charlie Hammond, Rory Blundell | |
| Berenberg (Joint Broker) | +44 (0) 20 3207 7800 |
| Matthew Armitt | |
| Celicourt (PR) | +44 (0) 20 7770 6424 |
Mark Antelme, Charles Denley-Myerson
Cleaned text: letterheads, contacts and legal notices removed. View the original announcement ↗ · Company filings. Not investment advice.