Mercom Capital plc (MMO)

 

Mercom Oil Sands issues shares to settle fees

Mercom Oil Sands has issued 1,370,832 new ordinary shares at 6p apiece as settlement for fees.

Non-executive directors Patrick Cross and Kyle Appleby each received 466,666 new ordinary shares while 437,500 were issued to former non-executive director Albert Taubi.

The shares have been issued in settlement of fees charged for work on special projects outside the scope of their letters of appointment.

At 1:05pm: (LON:MMO) Mercom Oil Sands PLC share price was 0p at 6p