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Oryx Petroleum Corporation Ltd Announces Exercise Of First Stage Investor Options

Monday, 17 Jun 2013 07:09am EDT 

Oryx Petroleum Corporation Ltd announces that all of the OXC options issued pursuant to the Pre-IPO Transactions (the OXC Options) have been exercised, which resulted in the issuance by the Corporation of 1,131,349 common shares of the Corporation at a price of approximately USD9.29 per common share. All of the OXC Options were held by directors, executive officers or employees of Oryx Petroleum, or by directors of The Addax & Oryx Group Limited. The Corporation received USD10.5 million in proceeds from the exercise of the OXC Options. After giving effect to the exercise of the OXC Options, the directors and executive officers of Oryx Petroleum own approximately 4.4% of the issued and outstanding common shares of the Corporation (approximately 4.6% of the common shares of the Corporation on a fully diluted basis). 

Company Quote

0.18 +1.93%
24 Oct 2014