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South Africa: Eco (Atlantic) announces issue of shares in relation to the acquisition of additional interest in Block 3B/4B, South Africa


20 Dec 2022

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Eco (Atlantic) Oil & Gas has announced that, further to its announcement of 20 December 2022, that 21,060,000 new Common Shares have been issued to the Lunn Family Trust as consideration for the acquisition, by its wholly owned subsidiary Azinam, of an additional 6.25% Participating Interest in Block 3B/4B, offshore South Africa from the Lunn Family Trust, one of the shareholders of Ricocure. Eco now holds a 26.25% participating interest in the block.

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Source: Eco (Atlantic)





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