Gasol plc, the West African energy development company, announced that it has agreed to issue 1,117,837 ordinary shares in the Company at 13.6p per Share to Erasmus Advisory Services Limited in settlement of advisory services provided to the Company by Erasmus in connection with its Benin LNG Import Project.
Application has been made for these Shares, which rank pari passu in all respects with the existing Shares, to be admitted to trading on AIM. It is expected that admission will take place on 28 December, 2012.
Erasmus has agreed not to dispose of 558,918 of these Shares until financial close of the Benin LNG Import Project.
[mappress] LNG World News Staff, December 21, 2012; Image: Gasol