Falcon Oil & Gas Ltd. Plans Share Consolidation and Name Change
![Falcon Oil & Gas Ltd. Plans Share Consolidation and Name Change](https://investorshangout.com/images/blog/ihnews-Falcon%20Oil%20&%20Gas%20Ltd.%20Plans%20Share%20Consolidation%20and%20Name%20Change.jpg)
Falcon Oil & Gas Ltd. Announces Key Structural Changes
Falcon Oil & Gas Ltd. (TSXV: FO, AIM: FOG), widely recognized as Falcon, is moving forward with significant plans to consolidate its share capital and undergo a name change as part of its strategic growth initiatives.
A New Era: Name Change and Share Consolidation
The company has announced its intention to rebrand, transitioning to the name "Beetaloo Resources Corp." This transformation aims to closely align the company's identity with its operational focus on the Beetaloo Sub-basin, located in the Northern Territory, Australia. Alongside this name change, Falcon is planning to consolidate its shares, proposing a ratio of up to 250 pre-consolidation common shares for each post-consolidation share.
Shareholder Approval and Future Plans
The adjustments are contingent on receiving the green light from shareholders at a special meeting set to take place on October 29, 2024. In addition, all required regulatory approvals from the TSX Venture Exchange and AIM will be necessary before proceeding with these plans.
Strategic Move Towards U.S. Listing
The consolidation is not merely a cosmetic change; it positions Falcon to pursue a listing on a U.S. stock exchange within the first half of 2025. Leadership believes this step is essential for increasing visibility among U.S.-based investors and potentially opening new avenues for capital acquisition.
Current Share Structure and Projected Changes
Currently, Falcon maintains approximately 1.1 billion common shares outstanding. Should the proposed consolidation occur at a 250-to-1 ratio, the company anticipates having around 4.4 million common shares following the consolidation. Additionally, any convertible securities would see their pricing and issuance numbers adjusted accordingly to reflect this change.
Looking Ahead: Additional Information
Falcon is committed to keeping its investors informed and will provide further details regarding the consolidation, name change, and U.S. listing plans as they develop. The excitement surrounding these initiatives exemplifies the company’s proactive approach to growth and resource management.
Contact Information for Inquiries
If you have further questions or require additional information, you can reach out to:
Falcon Oil & Gas Ltd.
Phone: +353 1 676 8702
Philip O'Quigley, CEO: +353 87 814 7042
Anne Flynn, CFO: +353 1 676 9162
About Falcon Oil & Gas Ltd.
Falcon Oil & Gas Ltd. is an international company engaged in exploring and developing unconventional oil and gas assets, concentrating its efforts in Australia, South Africa, and Hungary. Incorporated in British Columbia, Canada, and headquartered in Dublin, Ireland, Falcon operates a technical team based in Budapest, Hungary.
Frequently Asked Questions
What is the reason for Falcon's name change?
The name change to Beetaloo Resources Corp. aligns the company's identity with its operational focus in the Beetaloo Sub-basin, enhancing brand recognition.
When will Falcon's proposed share consolidation take place?
The consolidation is planned to proceed following a shareholder vote on October 29, 2024, pending necessary regulatory approvals.
What are the expected benefits of pursuing a U.S. listing?
A U.S. listing is anticipated to enhance visibility among U.S. investors and potentially facilitate access to additional capital resources for future growth.
How will the share consolidation affect existing shareholders?
Existing shareholders will see their shares consolidated at a specified ratio, which will reduce the total number of outstanding shares while adjusting the share price proportionately.
Where can I find more information about Falcon Oil & Gas Ltd.?
For more details, you can contact Falcon directly or visit their official website for corporate updates.
About Investors Hangout
Investors Hangout is a leading online stock forum for financial discussion and learning, offering a wide range of free tools and resources. It draws in traders of all levels, who exchange market knowledge, investigate trading tactics, and keep an eye on industry developments in real time. Featuring financial articles, stock message boards, quotes, charts, company profiles, and live news updates. Through cooperative learning and a wealth of informational resources, it helps users from novices creating their first portfolios to experts honing their techniques. Join Investors Hangout today: https://investorshangout.com/
Related Articles
- Nokia Partners with AT&T for Fiber Broadband Growth Initiative
- SeeByte and Kraken Robotics Collaborate for Integrated Solutions
- Shell plc Announces Share Purchase for Cancellation
- China and South Africa Collaborate for Enhanced Trade Growth
- Jefferies Upgrades Azelis and IMCD with Positive Market Outlook
- European Shares Steady Awaiting Crucial Economic Data Insights
- Aidoc Expands AI Solutions to Enhance Healthcare in Europe
- Quidax Sets Milestone as Nigeria’s First SEC Licensed Exchange
- Aker BP Launches Oil Production from Tyrving Field
- Iridium Network: First to Use RayCare and TrueBeam Together
- Canoe and Kayak Equipment Market Expected to Reach $1237.8M
- Kalmar and Volvo Penta Join Forces in Engine Service Agreement
- Volt Lithium Announces Annual General Meeting Date and Changes
- Hexaware and Earnix Unite to Transform Insurance Pricing Strategies
- Silver Cross and Lamborghini Team Up for Luxury Stroller
- Lleida.net Unveils Employee Share Sale Plan for Growth
- Elis Launches “Elis for All” Employee Share Plan for 2024
- Crédit Agricole Assurances Reveals Tender Offers and New Issue
- Spar Nord Bank's Share Buyback Program Update for Week 35
- Valmet Expands with New Service Center in Beihai, China
- CMR Surgical Expands Leadership Team for Future Growth
- OKX Explorer Expands Functionality with Bitlayer Support
- Equinor ASA Announces Third Tranche of Share Buy-Back Plan
- Nokia and RUCKUS Networks Enhance Campus Connectivity Solutions
- PayPoint plc Announces Share Buyback Activity Details
Recent Articles
- Market Insights for September: Economic Trends to Watch
- Valmet Sets Schedule for Financial Reporting in 2025
- Sasol Updates GHG Reduction Strategy for Sustainable Future
- ING Advances €2.5 Billion Share Buyback Initiative
- Thailand's $13 Billion Digital Wallet Scheme: Key Updates
- Guizhou Culture Shines Bright at the Washington Festival 2024
- Boussard & Gavaudan: Estimated NAV Update for BGHL
- Why Alphabet's Waymo Is Leading the Robotaxi Revolution
- Bitcoin Faces $319 Million Outflow Amid Market Bearishness
- 10 Key Insights on the Current State of China's Economy
- Mastering Investment with Vanguard S&P 500 ETF
- Challenges Ahead for Intel: Stock Performance Under Scrutiny
- EDF Projects Increased Nuclear Power Generation for 2024
- RCI Banque Releases Annual Financial Report for 2023
- RCI Banque Releases Consolidated Financial Statements
- DEME Group NV Announces Share Buyback Program Progress
- Oil and Gas Security Market Set to Hit USD 43.74 Billion
- Novo Resources to Showcase at Gold Coast Investor Conference
- Lucinda Crabtree Takes Helm as CFO of Oxford Biomedica
- Streaming Stocks Analysis: Netflix vs. Disney
- GN Store Nord Share Transactions by Board Members
- Exploring Bill Gates' Investment Strategies in Tech Giants
- Exploring the Hottest Stock-Split Trends in 2024
- Man Group PLC Disclosure of Interests in International Paper
- DFDS Implements Share Buyback Program to Enhance Value