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Eco Atlantic Oil & Gas ( (TSE:EOG) ) has shared an announcement.
Eco Atlantic Oil & Gas has received notice of exercise for stock options over 250,000 common shares, yielding proceeds of about US$69,828. The options were exercised at strike prices of US$0.22 and US$0.37 per share, reflecting ongoing use of equity-based incentives at the Atlantic Margin-focused explorer.
The company has applied for admission of the 250,000 new shares to trading on the TSX Venture Exchange and AIM, with admission expected around 11 May 2026. Following this issue, Eco Atlantic’s share capital will rise to 348,609,027 common shares, marginally diluting existing holders and updating the base for regulatory disclosure thresholds.
More about Eco Atlantic Oil & Gas
Eco Atlantic Oil & Gas is a TSX-V and AIM-quoted exploration company focused on the offshore Atlantic Margins, with licence interests in Guyana, Namibia and South Africa. The group targets low carbon intensity oil and gas in stable emerging markets near existing infrastructure, holding operated and non-operated stakes across key basins including the Guyana-Suriname, Walvis and Orange basins.
For an in-depth examination of EOG stock, go to TipRanks’ Overview page.