Predator Oil & Gas Announces Placing Update

Source: www.gulfoilandgas.com 3/31/2022, Location: North America

Further to the Company's announcement released on 17 March 2022 (the "Placing Announcement") that it has conditionally placed 11,500,000 new ordinary shares of no par value in the Company (the "Placing Shares") at a placing price of 9 pence each (the "Placing Price") to raise £1.035 million before expenses (the "Placing"), it is now expected that the Second Admission will become effective and that dealings in the Second Tranche Shares are expected to commence at 8.00am on 1 April 2022.

Words and expressions defined in the Placing Announcement shall have the same meaning in this announcement.

Following Admission of the Second Tranche Shares the enlarged Share Capital will be 304,446,267 ordinary shares of no par value.


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