TomCo Energy PLC
07 February 2007
TomCo Energy Plc ('TomCo' or 'the Company')
Further placing of 20,010,000 new ordinary shares at 2.5 pence each to raise
£500,250 (gross)
The Board of TomCo, the AIM-listed oil investment company, is pleased to
announce that a total of £500,250 has been raised through a further placing of
20,010,000 ordinary shares of 0.5p ('Ordinary Shares') at a placing price of
2.5p ('Further Placing'). The new Ordinary Shares issued pursuant to the Further
Placing are expected to be admitted to trading on AIM on 8 February 2007.
The total gross amount raised in the placings pursuant to the acquisition of The
Oil Mining Company Inc. is therefore £1,781,200, with £1,280,950 having been
raised in the placing announced on 22 December 2006. As a result of the Further
Placing the total number of Ordinary Shares in issue has increased to
440,582,602.
The Board is confident that the funds raised will allow a greater investment
programme in oil production and exploration than originally anticipated.
The Company is currently examining a number of suitable investment prospects and
expects to announce further participations in producing oil wells and
exploration in due course.
Contact:
TomCo Energy Plc
Stephen Komlosy Tel: (020) 7808 4856
Strand Partners Limited
Simon Raggett Tel: (020) 7409 3494
Warren Pearce
Thomas Lockyer
Bankside Consultants
Simon Rothschild Tel: (020) 7367 8888
Louise Mason
This information is provided by RNS
The company news service from the London Stock Exchange