Key Developments: TomCo Energy PLC (TOME.L)

TOME.L on London Stock Exchange

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Latest Key Developments (Source: Significant Developments)

TomCo Energy Plc Does Not Declare Dividend
Thursday, 21 Mar 2013 03:00am EDT 

TomCo Energy Plc announced that Directors do not propose the payment of a dividend (2011: GBPNil).  Full Article

TomCo Energy Plc Announces Issue of Equity
Thursday, 7 Mar 2013 02:00am EST 

TomCo Energy Plc announced that it has raised GBP1.733 million before expenses through a share placing by Fox-Davies Capital Limited, conditional on admission, of 148,406,526 new ordinary shares of 0.5 pence each at a price of 1.2 pence per share. The Placing was supported by a number of new financial institutions as well as other existing shareholders, including Altima Global Special Situations Master Fund Ltd. The gross proceeds from the Placing are to be used by TomCo for advancing permitting required for commercial production at the Company's Holliday project, and for general working capital purposes. It is expected that Admission will become effective and that trading will commence on March 12, 2013.  Full Article

TomCo Energy Plc Enters into Liquidity Facility Agreement with Windsor Capital for 100 Million Ordinary Shares Issue
Monday, 28 Jan 2013 02:00am EST 

TomCo Energy Plc announced that it has entered into a Liquidity Facility Agreement and an associated Promissory Note (together the Liquidity Facility) with Windsor Capital Partners Limited (Windsor Capital), an affiliate of Fox-Davies Capital. Under the Liquidity Facility TomCo has issued and allotted 100 million ordinary shares of GBP 0.005 per ordinary share, representing an increase of 6% on the current number of shares in issue, to Windsor Capital in exchange for the Promissory Note. The Liquidity Facility allows the Company to access capital using the natural liquidity that is available in the Company's shares in a more cost-effective manner than a traditional equity line product.  Full Article

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