Falcon Oil & Gas aims for London, Dublin markets

London calling: Falcon Oil & Gas seeks AIM listing

AFP/Scanpix

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Bill Lehane

 14 March 2013 11:28 GMT

Irish explorer Falcon Oil & Gas has announced plans to list in London and Dublin with a $25 million placing of new shares.

The Toronto-listed unconventional outfit said it expects to begin trading on London’s AIM and Dublin’s ESM markets on 28 March subject to approvals.

Incorporated in Canada and previously headquartered in Denver, Falcon Oil & Gas moved its base to Dublin last year after snapping up chief executive Philip O’Quigley from Providence Resources.

Falcon Oil & Gas said it was seeking the listings to raise funding for debt repayments, work programme commitments in Australia and South Africa as well as for future “potential strategic acquisitions”.

It said that as well as being closer to its new headquarters, the new listings…

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