ABERDEEN, SCOTLAND--(Marketwired - Jul 1, 2016) -
Not for Distribution to U.S. Newswire Services or for Dissemination in the United States
Ithaca Energy Inc. (TSX: IAE) (LSE: IAE) ("Ithaca" or the "Company") announces that it has issued an additional 400,000 Common
Shares in the Company resulting from the exercise of share options and has applied for these to be admitted to trading on AIM.
Admission of the newly issued Common Shares is expected to occur on 7 July 2016. Each new Common Share will rank pari passu with
the existing Common Shares.
Following the issue and allotment of the new Common Shares, the Company will have a total of 411,784,045 Common Shares in
issue with one voting right per Common Share. There are no Common Shares held in treasury. The total number of voting
shares in the Company is therefore 411,784,045. This figure may be used by shareholders as the denominator for the calculations
by which they will determine if they are required to notify their interest in, or a change in their interest in, the share
capital of the Company under the UK Financial Services Authority's Disclosure and Transparency Rules.
The total number of Common Shares under option is now 28,746,470, representing approximately 6.5% of the total shares
outstanding and under option.
About Ithaca Energy
Ithaca Energy Inc. (TSX: IAE, LSE AIM: IAE) is a North Sea oil and gas operator focused on the delivery of lower
risk growth through the appraisal and development of UK undeveloped discoveries and the exploitation of its existing UK producing
asset portfolio. Ithaca's strategy is centred on generating sustainable long term shareholder value by building a highly
profitable 25kboe/d North Sea oil and gas company. For further information please consult the Company's website www.ithacaenergy.com.
Not for Distribution to U.S. Newswire Services or for Dissemination in the United States